Roel operates a tricycle business in Cortes, Bohol. He is married and has two children, ages 9 and 12. From this livelihood he support his family's need 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. He needs to pay for vulcanizing, engine maintenance and to buy spare parts. 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 a healthy diet 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.