Bernabe, a 37-year-old fisherman from Talibon, Bohoh, has been in the business for almost 10 years now. Bernabe is requesting a loan to buy new fishing nets, lead weights, buckets and fuel for the boat. These purchases will enable him to improve his catch and sell more fish to the market, thereby increasing his income.
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.