Lauro is a 36 year old married man from Ubay, Bohol. He has three children. The oldest is 12 and the youngest is 1. He has been in the motorcycle transportation business for 5 years now. This is the source of his income. He earns 4,000 PHP a month. Lauro is requesting a loan to buy tires, fuel and to renew his license. With the help of this loan, he will be able to keep his motorcycle in good condition. In the future, Lauro 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.