Wilfredo is a fisherman and seaweed farmer from Bohol, Philippines. A 50-year-old married man and the father of six, Wilfredo been in these businesses for more than 20 years. Wilfredo is applying for a loan to buy new fishing nets, seaweed seedlings, straw and rope. With this loan, he will be able to improve his business and eventually improve his income.
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.