Imelda, from CPG, Bohol, Philippines, is a married woman and the mother of nine children. Imelda has been engaged in seaweed farming with her husband for more than seven years. This is the source of their income. Seaweed is used as a food and as a raw material in making plastic wares, including basins and pails. Imelda is applying for a loan to buy more seaweed seedlings, straw, rope, etc. With this loan, they will be able to improve their seaweed farm and eventually increase their yield.
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.