Flora is a 43-year-old married woman and a mother of four children. She is from Bohol, Philippines. She has been involved in a fish selling business for more than ten years now. Her husband is a fisherman.
Flora works hard to support her husband in meeting the needs of the family, especially for the education of their children.
Flora has been a member of CEVI for some time now. Currently, she is requesting a loan worth 11,000 PHP to buy new fishing nets and other fishing materials for her husband. She deemed it wise to have new nets in order to improve her husband's daily catch. With the loan, she can have more fish to sell to the people in their place.
Flora wants to improve her business so that it can generate more income for the family, and she will become financially capable of sending her children to school for better learning and education.
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.