Jerich is a 33-year-old married man from Talibon, Bohol and the father of four young children. He has been engaged in an auto repair shop business for more than five years now. This is the source of his income. Jerich is asking for a loan to buy materials like screwdrivers, pliers, etc. for his auto repair shop. He dreams of expanding his shop and thus augmenting his income. Moreover, he wants to save money for the schooling of his children and to repay his loan on time.
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.