Ma. Emma is a 48-year-old married woman from Ubay, Bohol. She has 4 children. The oldest child is 18 while the youngest is 4. Fishing is the family's source of income. Ma. Emma's husband is a fisherman, and she sells the fish, shrimp, and crabs he catches. They have been fishing for more than 10 years. Ma. Emma has requested a loan of 7,000 PHP to buy nylon, rope, fish net, and other fishing materials, in order to increase the volume of their catch. In the future, Ma.Emma would like to expand her business to support her family as well as to send her children to school.
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.