Gelasia is a 61-year-old married woman from Panglao, Bohol. She has 12 grown children. She has operated a motorcycle transportation business in her community for seven years. Her husband is a farmer. She requested a loan of 18,000 PHP to pay for fuel and maintenance, such as oil changes and tires. She needs to perform this maintenance in order to continue to serve her customers. In the future, Gelasia would like to invest in other ventures to have a sustainable livelihood while she prepares for retirement.
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.