Valerio is a married man from Corella, Bohol. He is into tuba (coconut wine) vending. He has been in the tuba vending business for ten years. Aside from tuba vending he is also engaged in a charcoal making business. He earns about two thousand PHP a month by doing both businesses.
Valerio requested a loan of 7,000 PHP to purchase more firewood for charcoal making and more tuba and tungog (which is mixed with tuba in order to have a very nice color). Valerio would like to augment his business to save for the improvement of his house.
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.