Ruel is a fisherman from Bohol, a province in the Philippines. He is married and has children, and fishing is the main way to earn a living in his area.
Ruel needs a loan to buy new fishing nets and fuel for his boat. He believes that this loan could help him improve his fishing business and increase his income. In the future, he dreams of making his business sustainable and productive. Moreover, he wants to save money for his children's future schooling and to pay off his loan.
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.