Forty-eight-year-old Estrellita owns and operates a sari-sari (variety) store, selling basic commodities like sugar, cooking oil, eggs, assorted canned goods, condiments, and toiletries. She is married to a construction worker. They have two children, one of whom is still attending school. Estrellita has been running her sari-sari store for quite a long time now. She caters to neighbors and nearby residents.
Estrellita wants to continue improving her quality of life, which is why she is requesting a loan through CEVI to buy additional stock like canned goods, biscuits, and soft drinks to continue improving her business. She used her previous loan to stock her shop and wants to continue doing so.
This loan is special because:
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About Community Economic Ventures, Inc. (CEVI):
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.