Carmelita is a 46 year old married woman from Talibon, Bohol. She is a mother of 2 children aged 15 and 10. She runs a sari-sari (variety) store. She sells various commodities like cooking oil, noodles, shampoo, canned goods, coffee, seasonings and toiletries. Her husband is a farmer .She has been running this store for almost 5 years. To be able to continue her business operations, she requests a loan of 6,000 PHP to buy soft drinks, noodles, soap and a sack of rice. In the future, Carmelita hopes to be successful in her sari- sari store business so she can afford the education of her children.
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.