Bienvenido is a 52-year-old married man with three children. He lives in the town of Talibon, Bohol with his family. He has had a tricycle business for eight years now. He earns 5,000 PHP per month transporting people around his community. Bienvenido works hard to provide for his family and to send his children to school. He requested this loan to purchase tricycle spare parts and tires and to pay for repairs. He hopes for his income to increase and for his children to finish college and have bright futures.
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.