Susana O. sells fish traps. Like bait, the fishermen use them to get plenty of catch to feed their families. Susana is 48 years old and has six children. She is working very hard to provide for the needs of her children and to pay for their schools and their books.
She is asking for a loan of Php 9,000 from CEVI. She will use the loan to buy more materials to make fish traps. In this way, she believes, she will earn more income for her family. The loan will also be used to help her get started in a new business.
CEVI is reaching out to more people, especially the poor, to start and have their own business. It helps people provide a livelihood for their families. CEVI is not only giving credit but training and insurance coverage as well.
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.