Concordia is a 42-year-old married woman who operates a sari-sari (variety) store in the town of Talibon, Bohol. She has five children. She sells goods including sugar, noodles, biscuits and soft drinks. She started her business 10 years ago. Concordia requested a loan of 3,000 PHP to buy stock such as seasoning, condiments and soft drinks. She hopes to have enough savings so she can live comfortably. In the future, Concordia plans to make her store bigger so she can continue in a bigger way with a better profit.
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.