Aida is a 55-year-old married woman and the mother of six children from Bien Unido, Bohol. For the past 10 years, she has been farming seaweed with her husband. This is the source of her income.
Aida is requesting a loan to buy seaweed seedlings, straw, and rope. Her loan will enable her to improve her seaweed farming business and increase her harvest and profit. In the future, Aida hopes to make her business a success.
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.