Ma. Nenita B. is from the town of Talibon. She is 42 years old. Ma. Nenita is married and has seven school-aged children. To make a living, Ma. Nenita owns and operates a fishing business. The main source of income for the business comes primarily from gathering and selling "bat" (sea cucumber) to the market. She also sells fish sometimes.
Ma. Nenita joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Ma. Nenita has successfully repaid a previous loan from CEVI. Ma. Nenita is requesting a new loan of 25000 PHP, which will be used to invest in expanding her business. She plans to use the additional revenue generated from the business to make improvements to their house.
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.