Crispina is a 39-year-old married woman and a mother of three children. They live in Cortes, Bohol, Philippines. Crispina has been engaged in a food vending business for more than nine years now. She sells home-cooked snack foods like rice cakes, suman (sweetened glutinous rice cake) and other items. Crispina needs a loan to buy ingredients for food vending, like sugar, milk, glutinous rice and other items. With these purchases, she will be able to cook and sell more to the people in her place, thus augmenting her sales and eventually, her income.
Crispina dreams of making her business a success and saves money for reinvestment in the same venture. Moreover, Crispina wants to support her children's schooling until they become successful professionals someday.
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.