Germie G. is from the town of Panglao. She is 48 years old. Germie is married and has 2 children. To make a living, Germie owns & operates a business venture in the services sector providing taxi services. While not the only means for generating revenue, the main source of income for the business comes primarily from operating tour van services. Germie has been engaged in her business for over 3 years.
Germie joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Germie has successfully repaid a previous loan from CEVI. Germie and is requesting a new loan of 22,000 PHP which will be used to repair an existing vehicle for better service and to purchase tires. She plans to use the additional revenue generated from the business to improve her business.
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.