Eulalia is a 50-year-old married woman and a mother of five children from Bohol, Philippines. She has been engaged in a fish-vending business for more than two years now. This is her source of income.
Eulalia works hard to support her husband in meeting the needs of the family. She plans on expanding her business; however, she lacks the money to do so. But with this loan, Eulalia will be able to make it happen and buy more fish to sell.
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.