Lydia is a 61-year-old married woman from Ubay, Bohol. She runs a sari-sari or variety store business selling various goods and commodities to the people in her place. Lydia wants to expand her business but lacks the financial resources to do so. She joined CEVI to gain access to the loan services offered by the organization to small entrepreneurs like her. She is asking for a loan to buy additional groceries to sell like canned goods, candies, biscuits, rice, soap, soda, and toiletries.
In the future, Lydia hopes to sustain her business so that it will continue generating 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.