Reynaldo is a 39-year-old single man from Maribojoc, Bohol. He operates a variety store in the community. He sells basic commodities like noodles, rice, condiments, beverages, toiletries and soft drinks. He has been operating a variety store business for 18 years. He requested a loan of 21,000 PHP to buy more items such as rice, soft drinks and other groceries. In the future, Reynaldo would like to expand his business into a big grocery store.
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.