Bonifacia E. is from the town of Talibon. She is 51 years old. Bonifacia is married. To make a living, Bonifacia owns & operates a fishing business. While not the only means for generating revenue, the main source of income for the business comes from operating a fishing boat to catch and sell assorted fish at the market. Bonifacia has been involved in fishing for several years already. She hopes to be to sustain her family's financial needs.
Bonifacia joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Bonifacia has successfully repaid a previous loan from CEVI. Bonifacia is requesting a new loan of 13,000 PHP which will be used to purchase fishing equipment including hooks & nets. This will be the tenth loan taken out by Bonifacia from CEVI. She plans to use the additional revenue generated from the business to supplement the family's income.
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.