Yolanda is a 43-year-old married woman and a mother of three children from Cortes, Bohol. Her husband operates a mechanic shop in their place. Yolanda has been engaged in a basket weaving business for several years now. This is the source of her income.
She requested a loan to purchase 'buri' (native palm), straw and other materials for making baskets.
In the future, Yolanda has hopes of expanding her business and making it sustainable. Moreover, she wants to save money for the school expenses of her children.
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.