Eulalio is a 57-year-old married man from Antequera, Bohol. He has 5 children. Four are adults and the youngest is 14 years old. He is engaged in a motorcycle transport business. He transports customers from one place to another for a certain fee. He has been operating his motorcycle transport business for 3 years.
He requested a loan of 4,000 PHP to buy tires, fuel and maintenance for the motorcycle. In the future, Eulalio would like to expand his business to have a sustainable livelihood and in preparation for his old age.
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.