Teofanes is a 39-year-old married man and a father to four children ages 4 to 14. He is from Garcia Hernandez, Bohol. For four years now, Teofanes has been engaged in a transportation business using his motorcycle (habal-habal). He also has been farming vegetables like eggplant and pechay (bok choy). He is asking for a loan to buy seedlings, fertilizer and pesticides for the farm. With this, he will be able to improve his farm and eventually his income. Teofanes has hopes of investing in other ventures someday to further augment his income.
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.