Cheryl is a married woman and the mother of four children. She is from Bien Unido, Bohol. Together with her husband, she has been engaged in a fishing business for more than 10 years now. This is the source of their income.
Cheryl is asking for a loan in order to buy a new boat engine and fuel. Through this investment, her husband will be able to improve his catch, thus giving them more fish to sell in the market.
In the future, Cheryl hopes to expand their fishing business and make it a 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.