Milagros is a 53-year-old married woman and a mother of three grown-up children from Bohol, Philippines. She has been in the fishing business for more than 25 years. Her husband works as a fisherman.
Milagros is in need of additional capital for the business. She is asking for a loan worth 25,000 Philippines pesos (PHP) to buy new fishing nets and for the repair and maintenance of the fishing boat. With this, her husband will be able to enhance his daily catch, thus increasing her sales and profit.
Milagros dreams of making her business a success. Moreover, she wants to continue reinvesting in this venture and use some of the income for their daily needs and for savings purposes.
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.