Monalisa is a married woman from Talibon, Bohol. She operates a sari-sari (variety) store. She sells basic commodities like eggs, sugar, beverages, seasonings and soaps. She has been in the sari-sari business for two years. Her husband is a farmer.
Due to a lack of capital, Monalisa requested a loan of 11,000 PHP to buy more items to sell like eggs, sugar, noodles and biscuits. In the future, Monalisa would like to expand her business to improve their standard of living.
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.