Lucita A. is a fish vendor. She sells fish to earn enough money to buy their needs. She is a 45 year old mother of four children. She has been selling fish for eight years already. Her husband is a fisherman. Both of them work very hard to support their children educational needs. In addition to selling fish, they have a small sari-sari store to supplement their income.
She would like to ask a loan of PHP 8,000 from CEVI. She will use the loan to buy fish to sell. Aside from that, the loan will help a lot in repairing their boat.
CEVI is providing financial services to rural communities. CEVI provides not just loans but trainings and insurance coverage as well.
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.