Teresita is a 60-year-old married woman and a mother of four children. She lives with her family in Loon, Bohol. She has engaged in a tricycle transport business together with her husband for more than 13 years now. This is their main source of income.
Teresita is asking for a loan to pay for the repair and maintenance of the motorcycle. Through this loan,Teresita hopes to maintain the good working condition of their vehicle.
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.