Jocelyn is a 23-year-old married woman from Talibon, Bohol. She has no child yet. She engages in seaweed farming. She grows cultured seaweed to earn a living. She has been growing seaweed for almost three years now. Due to lack of capital to continue her livelihood, Jocelyn requested a loan of 6,000 PHP to buy additional seaweed seedlings and pataw (a small float usually made of cork attached to a fishing line) to yield more harvest. In the future, Jocelyn would like to expand her farming business to be successful as well as 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.