Brigelda A. is from the town of Talibon. She is 57 years old. Brigelda is married and has 7 adult children. To make a living, Brigelda owns & operates a fishing business. While not the only means for generating revenue, the main source of income for the business comes from operating a fishing boat to catch and sell assorted fish and also crabs at the market. Brigelda has been engaged in her business for over 20 years.
Brigelda joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Brigelda has successfully repaid a previous loan from CEVI. Brigelda is requesting a new loan of 10,000 PHP which will be used to purchase fishing equipment including hooks & nets. This will be the fourth loan taken out by Brigelda from CEVI. She plans to use the additional revenue generated from the business to supplement the family's income and improve their living conditions.
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.