Arnel is a 22-year-old man and a resident of Ubay, Bohol, Philippines. He has been engaged in the motorcycle transport business for several years now. This is the source of his income.
Arnel is asking for a loan to pay for the renewal of his driver's license and to pay for the repair and maintenance of the vehicle. In the future, Arnel hopes to make his business a success and plans on exploring other ventures to augment 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.