Rene is a 30 year old man from Ubay, Bohol, Philippines. He has been running a sari-sari (variety) store for more than 12 years. He sells a variety of items and goods to the people in the neighborhood. Rene is applying for a loan to buy additional stock to sell, such as canned goods, chips and biscuits, candies, noodles and soda. With this loan, he will be able to sell more and increase his profits. In the future, Rene dreams of expanding his business and making it a success.
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.