Herbert is a 28-year-old married man from Talibon, Bohol. He has two young children children aged four and one year old. He engages in fishing. He catches and sells fish to earn a living. He has been selling fish for almost five years. Herbert lacks materials that are beneficial to his livelihood. He requested a loan of 5,000 PHP to buy fishing materials such as a fishing net and a flashlight. In the future, Herbert hopes to expand his business to avail a loan again and provide his family with the best.
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.