Teofie is a 39-year-old married man from Cortes, Bohol. A father of a 9-year-old daughter, he is engaged in a candle-making business. He has been in this business for 2 years. Aside from making candles, he also raises hogs. Teofie requested a loan of 7,000 PHP to buy materials for candle-making, like wax, bamboo sticks and thread, and to buy feed for the pigs. In the future, Teofie would like to 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.