Felipe is a 53-year-old married man and a father of eight children from Bohol, Philippines. He has been a fisherman and a fish vendor for more than 30 years now. This is the source of his income.
Felipe is asking for a loan to buy more fish to sell and to pay the school fees of his children. With this, he will be able to enhance his catch thus giving him more fish to sell in the market.
In the future, Felipe hopes to make his fishing business a success and save money for the schooling of his children. Other revenue generated from the business will be used to reinvest in the same business.
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.