Renato is a 27-year-old man from Bien Unido, Bohol. He has two children, who are one and three years old. He has been engaged in a fishing business for three years. This is the source of his income. His monthly income is 2,000 PHP.
Renato is requesting a loan to buy fishing nets, fish hooks, and floaters. Through this loan, he will be able to have a good catch of fish and sell it to his community.
Renato hopes to expand his business, and to send his children to school, in the future.
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.