Timoteo is married and has six children. He is from Talibon, Bohol. He operates a hog raising business, which he has been doing for more than 20 years.
Timoteo requested a loan, which he will use to buy additional piglets to raise. With this loan, he will be able to improve the productivity of his hog raising business thus augmenting his yield and income. In the future, Timoteo hopes to expand his business so that it will generate more revenue necessary for the needs of the family especially for the schooling of his children.
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.