Reynald is a 33-year-old married man from Albur, Bohol. He has two children, ages four and five years old respectively. He is engaged in tuba (coconut wine) vending. He has been in the tuba vending business for eight years.
He has requested a loan of 22,000 to buy empty containers or gallons and tungog (mangrove tanbark: the dried bark of a certain kind of mangrove tree). It would help the natural fermentation in producing bahal (old tuba) and the bahalina (aged tuba). Reynald would like to expand his business by investing in other ventures to support his family as well as to save for the education of his children for their 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.