Angelita is a 35-year-old, married woman, and a mother of four young children, from Talibon, Bohol. She and her husband have been engaged in a fishing business together, for more than 12 years. This has been the source of their income.
Angelita is asking for a loan to make part payment for purchasing a fishing boat. With the boat, they will be able to improve their fishing business and augment their income. Angelita hopes to expand their business and make it a success, in the future. Moreover, she wants to save money for the schooling of her children 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.