Modesto is a 42 year old married man from Talibon, Bohol. He has 5 children. The oldest is 16 while the youngest is 6. He engages in fishing. He catches and sells fish. Aside from fishing, Modesto is also into seaweed farming. He grows and sells seaweed, to augment more income. He requested a loan of 10,000 PHP to buy seaweed seedlings. In the future, Modesto would like to expand and manage it well to provide his children with quality education and improve his livelihood.
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.