Gonzala is a 54-year-old married woman and has been engaged in the seaweed farming business for more than six years now. Her husband works as a fisherman.
Gonzala is asking for a loan to buy seaweed seedlings, straw, rope and fuel for the fishing boat and to pay for the school fees of her children.
In the future, Gonzala wants to expand her business and make it a success. Moreover, she wants to save money for the school expenses 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.