Virgilia is a 57-year-old married woman from Talibon, Bohol, Philippines. She has been engaged in a fishing business for several years now. Her husband works as a fisherman. Virgilia works hard to provide support to her husband in meeting the needs of their family.
Virgilia dreams of expanding their fishing ventures but lacks the financial resources to do so. She is asking for a loan from CEVI and has been a member for some time now. The loan will be used to buy new fishing nets, lead weights, a bucket, and fuel for the fishing boat. With this, her husband will be able to enhance his daily catch, thus allowing them to sell more fish at the market.
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.