Noel is 26 years old and is a married man with two children aged four and one. Noel has been a fisherman for five years. He earns about 10000 PHP through his business. Noel plans to use his loan to purchase gasoine, plywood, paint, and other materials to renovate his fishing boat. This will help him to continue earning a living from fishing. Noel plans to save money for his children's education.
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.