Lucrecia is a food vendor from Talibon, Bohol. She is a 48-year-old married woman and has been engaged in this business for more than eight years. She sells home-cooked food to the people in her neighborhood. Lucrecia is applying for a loan to buy additional ingredients for her food-vending business, including rice, sugar and cooking oil. With this loan, she will be able to cater to more customers in her store, thus augmenting her sales and profit. In the future, Lucrecia hopes to make her business 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.