Teofie is a 39-year-old married man and the father of a nine-year-old daughter. They live in Cortes, Bohol, Philippines. Teofie is a candlemaker and has been in the business for more than two years. He is also engaged in hog-raising ventures.
Teofie is asking for a loan to buy materials for making candles, such as wax, yarn and thread, as well as additional feed for the pigs. With this loan, he will be able to improve his business and augment his income. Teofie dreams of making his business a success in the future.
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.