Restituto is a 49-year-old married man from Cortes, Bohol, Philippines. He weaves baskets and sells them to the market. Also, he is engaged in buying and selling of firewood. These are the sources of his income.
Restituto is requesting a loan of 8,000 PHP to buy materials for basket weaving, such as buri, and to buy firewood. In the future, Restituto hopes to expand his business to generate more income.
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.