Saturnina is a 49-year-old married woman from Talibon, Bohol. She has seven children. She engage in making “panggal” (crab traps). She makes crab traps out of bamboo. Her husband is a farmer. His income would not be enough by itself for the family. Saturnina applied for a loan of 6,000 PHP to buy bamboo and nipa palm, to produce more crab traps. In the future, Saturnina would like to invest in other businesses to be able to improve their standard of living.
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.