Teofilo is a 61-year-old married man from Bien Unido, Bohol. He has been engaged in a motorcycle transportation business for several years now. He transports passengers going from one place to another. He also owns a farm and grows different kinds of crops like rice and banana. Teofilo is asking for a loan to buy gasoline for the motorcycle and fertilizer for the crops. In the future, Teofilo hopes to make his business a success and save money for future use.
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.