Elizabeth is a 51-year-old married woman from Talibon, Bohol. She has five grown children. She runs a retail store business. She sells various commodities like noodles, canned goods, soaps, sugar, cooking oil and eggs. Aside from operating a retail store, she also operates an eatery. She cooks meals to customers to earn additional income. She requested a loan of 20,000 PHP to buy various items like flour, soft drinks, vegetables and meat to fill her store with stock to avoid a shortage. In the future, Elizabeth would like to expand her business to be able to renovate her house.
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.