Pascual is a married man from the town of CPG, Bohol. He has been engaged in a motorcycle transport business for more than 10 years now. This is the source of his income. Habal-habal, a local name for motorcycle transportation, is a common way of transporting passengers especially in mountainous areas inaccessible to cars and four wheel vehicles. Pascual is asking for a loan to buy spare parts for his motorcycle like wheels, tires, chain, oil, nuts, and bolts. Through this, he will be able to maintain the good working condition of his motorcycle.
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.