31-year-old Archival is a hardworking father to three children. He is married to Melania. He is involved in fishing and just started a small store that his wife manages. He says that he prays to God for his business to prosper and for strength to withstand all the challenges he faces. Like other fathers, he wants to give his children proper education.
Archival applied to CEVI and asks for a loan of PHP 9,000. He will use it to buy an engine for his boat and hopefully other fishing materials. This loan will help him catch more fish to sell.
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.