"I invested so much in our fishing business. I am a fisherman and my wife and children depend on me to buy the things we need for the house. I am the father and I want to send all my children to school," says Virgilio J., a 33 year-old father of four children.
He would like to ask for a loan of PHP 20,000 from CEVI. He will use the loan to buy fishing materials and to repair the fishing boat. He is also interested to venture into other lines of business.
CEVI provides financial services to rural communities. CEVI gives not just loans but training 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.