Jovencio is a motorcycle driver, the business locally known as 'habal-habal'. He lives with his family in the town of San Miguel, Bohol. Jovencio has used his motorcycle to transport passengers from one place to another.
Jovencio is asking for a loan to buy spare parts for the motorcycle, such as wheels, tires, chains, nuts, and bolts. With this loan, he will be able to maintain and improve the 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.