Elpedia is a 48-year-old married woman from Getafe, Bohol. She has eight children.The oldest child is 23 while the youngest is 8.
She engages in a food vending business. She sells snack foods like buchi. (Buchi is a rice cake made from sweet rice flour that is molded into shape with a sweet bean paste filling. This delectable treat is deep fried under high heat before serving.)
Elpedia requested a loan of 6,000 PHP to buy flour, cooking oil and margarine, to increase her production and thus her income. In the future, Elpedia would like to expand her business to support her family and also to save to finance her children's educations.
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.