Benjamin is a 25-year-old, married man. He is the father of a two-year-old child, and he lives in Bohol, Philippines. He has engaged in a motorcycle transport business for more than two years. This is the source of his income.
Benjamin is asking for a loan to buy additional spare parts for the motorcycle, like tires, nuts and bolts, and fluids. With these items in stock, he will be able to maintain the good working condition of his motorcycle. Benjamin hopes to make his business a success in the future.
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.