Juan is a fisherman from the town of Ubay, Bohol. He is a married man and a father of four children. Juan has been in the fishing business for more than 10 years now. This is the source of his income.
Juan needs a loan for his fishing business. He is asking for a loan worth 10,000 PHP (Philippines pesos) to buy fishing nets, lead weights and hooks. With this loan, he will be able to improve his catch, thus giving him more fish to sell in the market.
Juan dreams of expanding his business and making it a success and a stable source of his income. Moreover, he wants to save money for the schooling of his children and to repay his loan on time.
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.