Veronica is a married woman and a mother of two children. They live in Bohol, Philippines. She is engaged in the fishing business together with her husband for more than five years now. This is the source of their income. Veronica is asking for a loan to buy new fishing nets, lead weights, hooks, and buckets. With this, her husband will be able to improve his catch, thus giving them more fish to sell in the market. In the future, Veronica dreams of expanding their fishing business so that it will generate more revenue necessary for the needs of the family and so she can also repay her loan on time.
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.