Vilma is a 31-year-old married woman from Talibon, Bohol. A mother of a 12-year-old son, she runs a bakery. She bakes bread. She has been making bread for almost two years now.
She requested a loan of 6,000 PHP (Philippines pesos) to buy more ingredients, like flour, shortening, yeast and margarine, to continue to serve her customers and to add to the variety of her bread production. In the future, Vilma wound like expand her bakery to be able to pay her weekly contribution and also to be able to improve their livelihood status.
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.