Ma. Charie is a 25 year old married woman from Talibon, Bohol. She has two kids: a seven year old boy and a five year old girl. Her husband is a fisherman. She has been running a sari sari (variety) store for 6 years now, and earns 15,000 PHP per month. Ma. Charie is requesting a loan to put additional capital in her business so she can buy more items to sell in her store like toiletries, canned goods, soft drinks, noodles, snacks, etc. In the future, Ma. Charie hopes to expand her business. With her income, she will be able to meet the daily needs of her family and especially assist her children with their education.
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.