Genaro is a 44-year-old married man from Albur, Bohol. He has three children. The eldest is 22 and the youngest is 13 years old. He engages in making calamay, a sticky sweet delicacy. He has been in this business for 25 years. He earns 10,000 PHP each month. This is the source of his income.
Genaro is requesting a loan to buy two sacks of glutinous rice, sugar, and a plastic box. These are the ingredients that are used in making calamay. The plastic box is used to store the calamay. In the future, Genaro hopes to expand his business. He wants to send his children to school. He is also hoping for a better life.
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.