Gaudencia is a 59-year-old married woman and a mother of two children from Getafe, Bohol. Gaudencia has been engaged in a fishing business for more than 10 years now together with her husband.
Gaudencia is asking for a loan to buy new fishing nets and to pay for the repair of the fishing boat. Through this, her husband will be able to improve his catch thus giving them more fish to sell in the market. In the future, Gaudencia hopes to expand their fishing business in order to generate more revenue. She also wants to save money for the repayment of 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.