Patricia is a 59 year-old married woman from Ubay, Bohol. She has eight adult children. She operates a retail store business. She sells items such as vinegar, sugar, canned goods, noodles, soaps and soft drinks. Her husband is a farmer.
She has requested a loan of 8,000 PHP in order to buy additional groceries and soft drinks to avoid shortages and also to cater to the needs of her customers. In the future, Patricia would like to expand her business in order to support her family as well as to save for the old age.
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.