Rufo is a 40-year-old married man from Antequera, Bohol. He has no children yet. He is engaged in a motorcycle transport business. He transports his customers to remote areas in their community. He also operates a sari-sari (variety) store, which his wife manages while he operates the motorcycle transport business. Rufo has requested a loan of 8,000 PHP to buy new tires for his motorcycle and more merchandise to sell, such as soft drinks, canned goods, and noodles. In the future, Rufo would like expand his business to support his family.
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.