Lucena is a 50-year-old married woman from Bohol, Philippines. She has three children who are still in school. Together with her husband, Lucena runs a tricycle repair and vulcanizing shop. This is the source of their income.
Lucena works hard to support her husband in meeting their family's needs. She joined CEVI because she wanted to gain access to the financial services offered by the organization. She is requesting a loan of 12,000 PHP to buy materials for their tricycle repair and vulcanizing shop. With this loan, they will be able to cater to more customers.
Lucena hopes to make their business a success so that it will generate more revenue for their needs and other expenses.
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.