Michael is a married man and the father of two children, from the town of Loboc, Bohol. He a jeepney driver. Jeepneys are a means of transportation in the Philippines. He is also in the motorcycle transport business and has a hog-raising venture. Michael is applying for a loan to buy feed for the pigs and to pay for repairs to the passenger truck and the motorcycle. With this loan, he will be able to improve his business and increase his income.
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.