Gloria H. is from the town of Talibon. She is 54 years old, married and has two school-aged children. To make a living, Gloria owns and operates a business venture in the food sector operating a fishing business. While not the only means for generating revenue, the main source of income for the business comes from selling dried fish to the community. She hopes to grow her business and for it to provide her with a stable income.
Gloria joined CEVI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Gloria is requesting a new loan of 6000 PHP which will be used to purchase additional fish to dry and sell. She plans to use the additional revenue generated from the business to improve her business and improve her family's living conditions.
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.