Benedicto is a 39-year-old, married man and a father of three children. He has been engaged in a motorcycle transport business for more than eight years now. This is the source of his income.
Benedicto is asking for a loan to buy spare wheel tires, nuts and bolts, and fuel for the motorcycle. With this loan, he will be able to improve and maintain the good working condition of the motorcycle. Benedicto also wants to save money to pay the educational expenses 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.