Munazendy is a 25-year-old married woman and the mother of a three-year-old son from Bohol, Philippines. She has been engaged in the fishing business together with her husband for several years now. This is the source of her income.
Munazendy is asking for a loan to buy new fishing nets, lead weights, fish hooks, buckets and fuel for the boat. With this, her husband will be able to catch more fish thus giving them more to sell in the market. Munazendy dreams of making their business a successful one. Moreover, she wants to save money for the future schooling of her son.
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.