Mateo is a 58-year-old married man from Bien Unido, Bohol. He is a fisherman and has been in this business for more than 30 years now. This is the only source of his income.
Mateo is requesting for a loan to buy fishing materials such as fishing nets, lead weights, fuel for the boat and other supplies. Mateo hopes of making his business successful in the future. Moreover, he wants to save money for the schooling of his daughter.
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.