Romeo is a 59-year-old married man from Carlos P. Garcia, Bohol. He has four grown children. He operates a variety store. He sells basic commodities such as canned goods, noodles, sugar, coffee, soaps, and toiletries. He has been in the retail business for almost nine years. He requested a loan of PHP 6,000 to buy more commodities to sell such as rice, condiments, beverages, and soft drinks. In the future, Romeo would like to invest in other businesses to be successful, while saving for 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.