Hazel is a 29-year-old married woman living in Talibon, Bohol, Philippines. She and her husband have been involved in a fishing business for several years now. Fishing is a booming business in their locality, and that's the main reason why Hazel and her husband invested in the business.
Hazel is asking for a loan worth 5,000 PHP to buy additional fishing materials such as fishing nets, a flashlight, a basin and others. This equipment is essential to enhance the amount her husband catches when he goes fishing. Hazel works hard to support her family and three young children aged eight, four and a baby of a few months.
In the future, Hazel hopes to expand her business so that they will be able to earn more thus having a greater chance of sending her children to school and experiencing the fullness of life.
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.