Almaden is a married woman with a five-year-old daughter. She has been engaged in sari-sari or variety store business for five years. She usually earns about 7000 PHP per month. Her husband is a welder. These are the sources of their income.
Almaden is requesting a loan to buy additional stock of soft drinks, beverages, and pollard to catch the attention of customers nearby in her local community. Through this loan, she can earn more profit.
In the future, Almaden hopes to be successful in her business so that she can meet the needs of her family and provide for the education of her daughter.
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.