Susan, a 43-year-old married woman, earns her income through her sari-sari or variety store business by selling various goods and commodities to the people in her area. Her greatest dream is to expand her business and to make it a success. As of now, Susan needs a loan to buy additional stocks of items such as canned goods, rice, soda, coffee, milk, other beverages, soap, and toiletries. With this, she will be able to attract and cater to more buyers in her store, thus augmenting her sales and profit.
Susan also wants to save money for reinvestment in the same venture and to repay her loan on time.
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.