Teofila is a 44-year-old married woman and a mother of three children from Duero, Bohol. She owns a motorcycle locally known as "habal-habal". Some of her neighbors rent her motorcycle for transportation purposes.
Teofila wants to apply for a loan to buy fuel and to pay for the repair and maintenance of the tricycle. In this way, she will be able to maintain the good working condition of the motorcycle.
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.