Alfonsa is a 39-year-old married woman from Baclayon, Bohol. She is the mother of a 12-year-old daughter.
Alfonsa is engaged in a candle making business. Aside from candle making, she is engaged in a fish vending business. She has been in the candle making business for years.
She requested a loan of 15,000 PHP to purchase wax, thread and nails, and also for additional capital for her fish vending business.
In the future, Alfonsa would like to expand her business to support her family, as well as to save so that she will be able send her daughter for a college 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.