Julito is a fisherman from the town of Ubay, Bohol. He is a married man and a father of two young children. Fishing is his source of income. He is asking for a loan to buy new fishing nets, lead weights, hooks and other supplies. With this, he will be able to improve his catch, thus giving him more fish to sell in the market. In the future, Julito dreams of making his business a success, of saving money for the future schooling of his children, 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.