Isidro is a 34-year-old fisherman from Talibon, Bohol, Philippines. He is a married man and a father of six young children ages 16, 14, 12, 9, 7 and three years old. Isidro has been in the fishing business for more than fourteen years now. This is the source of his daily income which he uses for the needs of the family, especially for the schooling of his children.
Isidro is asking for a loan worth 13,000 PHP to buy new fishing nets, fuel and for the maintenance of the fishing boat. With this loan, Isidro will be able to increase his daily catch thus allowing him to sell more fish to the market.
In the future, Isidro wants to improve his business so that it will generate more revenue necessary for the needs and expenses of the family.
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.