Venerando is a fisherman from the town of Bien Undido, Bohol. He has been a fisherman for 32 years. He is married with eight children aged three to 23. He works hard to provide for his family's needs.
He is asking for a loan to buy a new engine for his fishing boat. This will guarantee to Venerando that his fishing activity will be smooth and always productive. His income will support the needs of his family for things such as food and school fees. In the future, he hopes to make a bigger business out of fishing to better provide for his 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.