Alexander is a 45-year-old married man from Ubay, Bohol. He has two children. The eldest is 21 and the youngest is eight months old. He operates a bake shop business. He has been in this business for three years now. This is the source of his income. His wife is a teacher.
Alexander is requesting a loan to buy baking powder, soda, margarine, food coloring, sugar, and yeast. These are the ingredients to be used in baking bread. By the use of this loan, he will be able to buy this ingredients and start baking.
In the future, Alexander hopes to expand his business.
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.