Magdalena is a 49-year-old married woman from Panglao, Bohol. She has four children. The oldest child is 24 and the youngest is 8.
She sells fish and during her spare time she also makes dresses. She has been in both business for 20 years.
She requested a loan of 5,000 PHP to buy fish net and materials for dress making like cloth, thread, and zippers.
In the future, Magdalena would like to improve her business by investing to other businesses to support her family as well as to save for the schooling of her children.
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.