Arsenio is a 42-year-old married man from Talibon, Bohol. He is the father of four children. The youngest child is 10 while the oldest is 18. Arsenio operates a bakery in his community. He sells various kinds of bread. He has been operating the bakery for five years. He requested a loan of 5,000 PHP to purchase more ingredients like flour, salt, shortening and yeast, as well as a new oven, to cater to the needs of his customers. In the future, Arsenio would like to expand his bakery business to support his family and also to be able to send his children to school.
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.