Marta, 63, is married with three adult children. She is a hardworking woman who relies on her vulcanizing shop and her hat-making business for her living. (Vulcanizing is the process of converting rubber and other materials into stronger substances.) These businesses started eight years ago.
Marta is asking for a loan of 30,000 Philippine pesos to buy more burri and rubber for vulcanizing. She hopes, with available materials, she can be more productive each day for better business profitability.
In the future, she hopes to be in the same business but able to expand her production. Her income will provide food for her and her husband, who is also her partner in the business.
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.