Jonas is a 30-year-old businessman from the town of San Miguel, Bohol. For three years, he has made a good living buying and selling flip flops, slippers, and clothing. He is asking for a loan to buy more slippers to increase his income. He hopes that the loan will help him provide a healthy diet and education for his three children, aged five months and five and eight years.
In the future, Jonas dreams of expanding his business to sell a wider variety of products to his customers.
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.