Milagros is a 59-year-old fish vendor from Loon, Bohol. She is a married woman and has two children. Milagros has been engaged in the fish vending business for more than 18 years now. Milagros is asking for a loan to buy additional fish and other sea products to sell in the market. With this loan, she will be able to sell more and augment her income. Milagros dreams of expanding her fishing business. She saves money to reinvest in the same venture and to repay her 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.