Timoteo is a 41-year-old married man and a father of six young children from Talibon, Bohol, Philippines. He is engaged in numerous businesses like hog raising, farming and motorcycle transport. These are the sources of his daily income which he uses to meet the needs of the family and the schooling of his children.
Timoteo is in need of additional capital to expand his business. He is requesting for a loan of 10000 PHP to buy feed for the pigs, fertilizer for the farm and fuel for the motorcycle. Through this loan, he will be able to reach his dream of improving his ventures. Moreover, he wants to keep sending his children to school for better learning and a bright future.
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.