Armando, age 34, operates a motorcycle transport business. He is also engaged in a fishing venture to earn additional income. He lives with his wife and their three young children.
Armando is requesting a loan in order to buy fishing nets and to purchase fuel for the motorcycle. With this investment, he will be able to improve both his ventures and eventually increase his income.
In the future, Armando dreams of making his business a success and to save enough money for the future schooling of his children.
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.