Juan wanted to upgrade his business but lacked the financial resources to do so. He is now applying for a 50,000 PHP loan from CEVI to buy more seaweed seedlings, fish nets, hooks and buckets. With these, he will be able to improve his fishing and seaweed farming business, thus augmenting his yield and profits.
Juan’s ambition is to sustain his business and ensure its success.
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.
You can show your support for CEVI by joining the Friends of CEVI Kiva Lending Team. Learn more by visiting the CEVI website.
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