Cornelio is a 40-year-old, married man, and the father of nine children. He has been engaged in a fishing business for more than 25 years. This is the source of his income.
Cornelio is asking for a loan, which he will use to buy fishing nets, lead weights, fish hooks, and fuel for the boat. With this, Cornelio will be able to improve his fishing business, augmenting his catch and income. In the future, Cornelio has high hopes of making his business a success and sustainable.
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.