Wilfredo B. is from the town of Trinidad. He is 51 years old, married, and has 6 adult-aged children. Wilfredo owns and operates a fishing business, and he gathers and sells seaweeds to the market.
Wilfredo joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Wilfredo has successfully repaid a previous loan from CEVI. Wilfredo is requesting a new loan of 25000 PHP which will be used to purchase a pump fishing boat which will improve his fishing business. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.
Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly over the recent years. Based in Bohol, they have numerous branches throughout the Philippines. In 2009, CEVI was awarded a CGAP silver award for transparency in social performance monitoring. CEVI not only provides credit for its clients but additionally savings, insurance, and training which are provided through regular cluster group meetings.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.