Ricardo is 33 years old and a married man with 5 children. He has had a "habal-habal" (motorcycle transport) business for 7 years. Ricardo is able to provide for his family's daily needs through his business. He hopes to have another source of income to sustain his children's education.
Ricardo has requested this loan to purchase spare parts for his motorcycle. He hopes to improve his family's quality of life through his 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.