40-year-old Simeona is a married woman with five children between the ages of 16 and 7. Simeona's husband is a fisherman. Simeona is engaged in seaweed farming. She says she has regular buyers of dried seaweed, so it is easier for her. Simeona also supports her husband's fishing. She helps sell his catch at the market. Together they work to improve their living conditions and achieve their dreams.
Simeona has requested this loan to buy seaweed seedlings, straw and fish nets. Simeona hopes for her family's income to increase.
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.