Ramona is a 56-year-old married woman and the mother of nine children. They live in Bohol, Philippines. Ramona and her husband have been engaged in a fishing business for more than 30 years now. This is the source of their income.
Ramona dreams of expanding their fishing business but lacks the financial resources to do so. Because of this, she is applying for a loan to buy a new fishing boat, fishing nets and buckets. With this, her husband will be able to enhance his catch thus giving them more fish to sell in the market and augment their profit and income.
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.