Elsa is a 45-year-old, married woman from Loon, Bohol. She is a mother of seven children. The oldest child is 20, while the youngest is 8 years old.
Elsa is engaged a sari-sari (variety) store business. She sells commodities like noodles, sugar, beverages, condiments, and soaps.
She requested a loan of PHP 13,000 to purchase rice in bulk kilos and provide additional capital for her sari-sari store. She works hard to meet her family's needs. Her husband is a driver and his income is not enough to support his growing children. In the future, Elsa would like to expand her business to support her family, at the same time, sending her children to school for their bright future.
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.