Benito, a 60-year-old fisherman and seaweed farmer from the town of Ubay, Bohol, is a married father of 13. Benito is requesting a loan to buy seaweed seedlings, rope, etc., purchases that will enable him to improve his seaweed farming business and augment his income. Moreover, he wants to save money to reinvest in the same business and to repay his loan on time.
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.