Julie is a 35-year-old married woman with 4 children from Talibon, Bohol. The oldest child is 14 while the youngest is 6. She engages in seaweed farming. She has been into seaweed farming for 10 years. Her husband is a fisherman. His catch can generate income and is also used for family consumption.
Julie requested a loan of 6,000 PHP to buy materials like straw, seaweed seedlings, and tissue for the seaweed to grow fast and generate more harvest, and so they can be sold on time.
In the future Julie would like to invest in another business to support her family as well as to finance the education of her children.
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.