Felix Sr. is a fisherman from Bohol, Philippines. He has been in the fishing business for more than 20 years now. Felix Sr. wants a loan worth PHP4000 to buy new fishing nets and lead weights and fuel for the boat. With this, he will be able to improve his catch, thus giving him more fish to sell in the market. Felix Sr. dreams of improving his business and making it 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.