Margarita, a 62-year-old single woman from Bien Unido, Bohol, has been in the fish-vending business for 10 years, earning about 13,500 PHP each month. She has requested a loan of 12,000 PHP to buy more fresh fish to meet the needs of her customers.
In the future, Margarita would like to invest in another business venture to have a sustainable livelihood and save for old age.
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.