Lucema is a 37-year-old married woman and a mother of five young children. She is from Bohol, Philippines. She and her husband have been engaged in a fishing business for almost seven years now.
Lucema is asking for a loan in order to buy a new engine for their fishing boat. With the new engine, her husband will be able to start fishing again. Lucema hopes to expand their fishing business in the future. Moreover, she also wants to save money for the schooling of her children.
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.