Brigildo is a resident from the town of Baclayon, Bohol. He is engaged in a food-vending business. He bakes cakes and pastries and delivers to his customers and other bakeries for resale.
Brigildo needs a loan to buy ingredients such as flour, sugar, margarine, cooking oil, baking powder and flavorings to bake his cakes. The loan will allow Brigildo to bake more cakes and bread, thus allowing him to sell more to his customers.
Brigildo will be able to buy nutritious food for his family and reinvest in his business out of his profit.
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.