Margaret Lourdes, age 35, is a fish vendor. Her husband is a fisherman. They live in Talibon, Bohol, and have three children, ages five, six, and nine.
Margaret Lourdes is requesting a loan in order to buy nets for fishing and buckets for storage, as well as to pay for essential repairs to the house where the family lives.
In the future, Margaret Lourdes hopes to expand her business and to save enough money for the schooling of her children.
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.