Vicente is 38 years old, and he is a resident of San Miguel, Bohol. He is married with two children, ages 6 and 13. Vicente uses his motorcycle to earn an income for his family. He transports passengers with his habal-habal (a motorcycle used to transport passengers). Vicente has been in this business for five years now.
He is asking for a loan to buy gasoline and a spare tire so he can use his motorcycle effectively. He is determined to send his children to school so they can have a better 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.