Gemma, age 48, operates a crab fishing business to earn an income. She catches fresh crabs and sells these to members of her local community. She has been engaged in this business for almost 20 years.
Gemma lives with her family in Talibon, Bohol. She and her husband have eight children. Her husband works as a carpenter. Their eldest child is 25 years old and the youngest is 10.
She is requesting a loan in the amount of PhP 10,000 in order to buy screen material (used for crab nets), rope, and epoxy (an adhesive). These materials will help her to increase her ongoing catch.
In the future, Gemma would like to expand her fishing business enough to support the college 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.