Richelda is a 27-year-old married woman with two children aged 7 and 5. She is from Talibon, Bohol. She goes fishing and sells fish. She has been fishing for almost five years. Aside from fishing, she also goes seaweed farming. She grows and sells seaweed. She requested a loan of 5,000 PHP to buy more seaweed seedlings and house repair items. In the future, Richelda would like to expand both of her businesses to support the education of her children and to be able to pay her weekly loan dues.
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.