Rosario is a 59-year-old married woman from Garcia, Bohol. She has seven grown children. She has been operating a sari-sari or variety store business for 10 years now. Usually, she earns 4,000 PHP a month. This is the source of her income and provides for the rest of the needs of her family.
Rosario is requesting a loan to buy canned goods, biscuits, soft drinks, milo, milk, noodles, detergents, toiletries, candies, coffee, and spices. These items will help her to earn more profit. Through this loan, she will be able to buy such items and sell it in her store.
In the future, Rosario hopes to expand her business and to earn more income.
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.