29-year-old Ruel has been a fisherman for 6 years. He is married and has 4 children, aged between 2 and 8. Ruel earns 9000 PHP each month from fishing. Ruel works hard to improve his business and provide for his family.
Ruel has requested a loan to repair his fishing boat and purchase fishing nets. Ruel hopes to have a stable income to be able to save 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.