Viola is a 53-year-old married woman living in Bien Unido, Bohol. Viola works with her husband in their fishing business. They have been in this type of venture for almost eight years now.
Viola hopes to make their business grow but lacks the financial resources to do so. With this loan, they will be able to improve their fishing business, thus augmenting their income and profit. The loan will be used to buy fishing nets, lead weights, hooks and floaters. Furthermore, Viola hopes to repay her loan on time so that she can take another set of loans for the development of the business.
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.