Gemma is a 27-year-old resident of Bohol, Philippines. She has two young children. She is in the food vending business, selling snack foods to the people in their place. Her husband is a fisherman.
She is in need of additional capital for their businesses. She is asking for a loan worth 5000 PHP to buy new fishing nets for fishing and ingredients for food vending.
In the future, Gemma wants to see her business become sustainable and progressive.
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.