Vengie is a farmer from Talibon, Bohol. He is a married man and a father of two children, ages 8 and 4 years old. Vengie is also engaged in a motorcycle transport business. These are the sources of his income. Vengie is asking for a loan to buy fuel for the motorcycle and to purchase fertilizer and pesticides for the farm. With this loan, he will be able to improve his business as well as his earnings. Moreover, he wants to save money for the schooling of his children.
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.