Primo is 45 years old, married to Generosa, and a father to five children. He owns a motorcycle that he uses to transport people around his town. He makes sure that his motorcycle is well maintained because he wants to earn more to support his children’s education.
Primo also hopes to venture into other types of business. He has applied for a loan of 12,000 PHP from Kiva partner, CEVI. He will use it to buy tires for his motorcycle and also as start-up capital for a business selling electronic-loading for cellphones. He is hopeful that this loan will help him reach his goals.
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.