Renelda is a 29-year-old married woman and a mother of five young children. She is from Bien Unido, Bohol. She, together with her husband, is engaged in the fishing business for more than 6 years. Renelda is asking for a loan to buy more fishing nets, lead weights, and hooks. With this, her husband will be able to improve his catch, thus giving them more fish to sell. In the future, Renelda hopes of making her business a success and of saving money for her children’s education.
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.