Ma. Celsa is a 65-year-old married woman from Bohol, Philippines. She is a mother of a grown-up son. Ma. Celsa is engaged in a fishing business with her husband. Her husband works as a fisherman.
Ma. Celsa is asking for a loan to buy fishing nets, lead weights, hooks and buckets. With this, her husband will be able to enhance his catch thus giving them more fish to sell in the market. Ma. Celsa has hopes of making their fishing business a success and sustainable. She also wants to save money so that she can 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.