Gloria M. is from the town of Trinidad. She is 58 years old. Gloria is married and has 4 children. To make a living, Gloria owns and operates a business venture in the food sector operating a fishing business. While not the only means for generating revenue, the main source of income for the business comes primarily from gathering and selling seaweeds to the market.
Gloria joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gloria has successfully repaid a previous loan from CEVI. Gloria is requesting a new loan of 13,000 PHP which will be used to invest in expanding the business. This loan will be the fourth loan taken out by Gloria from CEVI. She plans to use the additional revenue generated from the business to support her family financially.
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.