Adela is a 62-year-old married woman from Getafe, Bohol. She engages in fishing. She catches and sells fish, and has been involved in this business for almost two years now.
Adela is in need of materials that are very helpful in her fishing activities, so she requested a loan of 15000 PHP to buy fishing nets and lift weights, to increase her catch and gain more income.
In the future, Adela would like to expand her fishing business to purchase a new fishing boat, to make her livelihood activity more progressive and provide a stable source of income.
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.