Felicidad is 50 years old, is married, and has seven children. She and her husband have been farming seaweed for 15 years now. They farm in the town of Talibon, Bohol.
Felicidad is asking for a loan of 23,000 PHP to buy seaweed seedlings and plastic rope. The income she will generate will provide her family with food and help pay the basic household bills. In the future, she hopes to be more successful in her business.
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.