Benjamin is a 43-year-old married man and a father of six school-aged children from Talibon, Bohol. He is a fisherman and has been in the business for more than 15 years. Benjamin is asking for a loan to buy new fishing nets, lead weights, hooks, buckets and ingredients, such as meat and seasonings, for his food vending business. Benjamin hopes that this loan will help him to improve his earnings thus allowing him to support the needs of his family and send his children to school.
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.