Vevencio is a 48-year-old married man from Anda, Bohol. He has eight children. The eldest is 22 and the youngest is one year old. Vevencio is a laborer. He has been in this business for 15 years now. This is his way to earn a living. He earns 5000 PHP in a month.
Vevencio is requesting a loan to pay school expenses and fees for his children who are currently studying. By the use of this loan, he will be able to pay all the due fees and tuition of his children.
In the future, Vevencio hopes to expand his business. He wants all his children to finish their studies.
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.