Danilo has been engaged in copra buying and charcoal sales, for more than three years. This is the source of his income. He is a married man and has four children.
Danilo is asking for a loan to buy more copra. (Copra is the dried, white flesh of the coconut, from which coconut oil is extracted.) Through this, he will be able to augment his income and improve his business. Danilo hopes to repay his loan on time, to expand his business in the future, and to save money for the 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.