Aida is a 43-year-old married woman from Ubay, Bohol. She has five children. The eldest is 22 and the youngest is 7 years old. She is engaged in a fishing business. She sells fish in her local area. She has been in this business for 6 years now together with her husband. This is the source of her income.
She is requesting a loan to buy fishhooks, lead weights and nylon string. These materials will be used in fishing. With the aid of the loan, she will be able to buy these materials to help her business. In the future, Aida hopes to expand her business. She also wishes to have another business to supplement the needs of her family and to have a bigger boat to be used in fishing.
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.