Roel owns and operates a tricycle business in Cortes, Bohol. He is married and has two children, ages 10 and 13. From the income he generates, he supports his family needs for food and pay school fees for his children. Roel is asking for a loan so he can better take care of his transportation business.
It will be used to buy spare parts and pay for vulcanization and engine maintenance. Once these are met, he will be assured of continued transportation service in his community, giving him a better chance of an income. His profit will be for tuition fees and healthy meals for his family.
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.