Rufina is a 52-year-old married woman from Dauis, Bohol. She has seven children. The oldest is child is thirty-three while the youngest is nineteen. She sells fish, a business that she has been engaged in for thirty-four years. She requested a loan of 6,000 PHP to purchase nylon (a high-strength fiber used to make fishing nets and ropes), gasoline for her motorboat, and fish hooks. Rufina would like to augment her business to support her family and to save for the future.
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.