Vicenta is a 52-year-old married woman residing in Talibon, Bohol, Philippines. She runs a motorcycle business and has had this business for 20 years now. This is the source of her daily income.
Vicenta is requesting a loan of 10,000 PHP, which will be used for the maintenance and repair of the motorcycle driven by her husband. Through this loan the motorcycle will be brought back to its normal working condition.
In the future, Vicenta hopes to expand the business and plan to buy a new motorcycle to double their earnings. Any additional income will be saved for future use and reinvestment.
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.