Caridad is a 36-year-old, married woman and a mother of four young children. They live in Bohol, Philippines. Caridad has been engaged in the fishing business, together with her husband, for more than ten years. This is the way of their living and their source of income.
Caridad is asking for a loan to buy new fishing nets, lead weights, buckets, and other items. With this, her husband will be able to catch more fish and they will have more fish to sell in the market. In the future, Caridad hopes to make their fishing business a success.
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.