Cipriano is a 50-year-old married man and a father of three school-age children from Antequera, Bohol. He has been engaged in a tailoring business for more than 30 years now. This is the source of his income, which he uses for the needs and expenses of the family, especially for the schooling of his children.
Cipriano is asking for a loan to buy more materials for tailoring such as cloth, thread and needles and spare parts for the sewing machine, such as nuts and bolts. With these, he will be able to accept more repairs and cater to more customers, thus augmenting his 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.