Ma. Magna is from the town of Trinidad, Bohol. She is 50 years old, married, and has 5 children aged between 6 and 18 years. She runs a fishing business with her husband. In addition to selling her husband's catch, she also buys fish from other fishermen and sells them at a profit. Ma. Magna is hoping to have a higher daily income to enable her to sustain her family, especially to support her children's education. She plans to use her loan to repair their fishing boat.
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.