Ricky is a fisherman from the town of CPG, Bohol. He is a married man and has been in the fishing business for more than three years now. This is the source of his income. Ricky is asking for a loan to buy new fishing nets, lead weights, hooks, and other items. With this loan, he will be able to enhance his catch thus giving him more fish to sell in the market. In the future, Ricky hopes of expanding his fishing venture and making it a stable source of his income.
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.