Precela is a 34-year-old married woman from San Miguel, Bohol. She has 4 young children. The oldest child is 10 while the youngest is 2. She is engaged in farming. She grows rice. Her husband is also a farmer.
Aside from farming, Precela also operates a sari-sari (variety) store. She sells beverages, noodles and condiments. She has been operating the sari-sari store for 2 years. She requested a loan of 5,000 PHP to purchase commodities to sell, like canned goods, noodles, sugar and soaps. In the future, she would like to expand her business to support her growing children.
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.