Abundia is a 63-year-old woman from Ubay, Bohol. She is a widow who relies on her Sari-sari (variety) store for an income. In her store she sells detergent, canned goods, shampoo, purified water and seasoning. This business has existed for 30 years now. Abundia is asking for a loan of 12,000 PHP to buy gasoline, canned goods, detergent and rice for her store. This will help so Abundia will not run out of supply and be able to maximize her profit. In the future, she hopes to have a bigger store and a better income from her business.
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.