Hospecia is a 50 year old, married woman from Antequera,Bohol. She has five children. She is engaged in basket weaving. She sells native baskets. She has been in the basket weaving for four years. She requested a loan of 5,000 PHP to purchase more materials for weaving, like wicker (hard, woven fiber formed into a rigid material, usually used for baskets or furniture. Wicker is often made of material of plant origin, but plastic fibers are also used), and nito (palm). In the future, Hospecia would like to augment to other business ventures to support her family.
About Community Economic Ventures, Inc.
Community Economic Ventures, Inc. (CEVI), based in Bohol, was awarded the Platinum Award for Transparency in Social Performance Reporting by CGAP. Social performance monitoring is imperative in measuring a microfinance institution’s effectiveness. The fact that CEVI is participating in this process speaks volumes about the organization’s commitment to serving its clients effectively. In addition to providing credit for its clients, CEVI provides savings, insurance, and training through regular cluster group meetings.