Gomez A. is engaged in selling crabs. He is a 43-year-old father of three children and a fisherman. His own catch is what he sells to provide for all their needs. Every night Gomez goes out fishing, he throws his nets in the sea and hopes to have something to catch. He wants to work hard to send all of his children to college so that when they are older, they will have better lives for their future children. Now, Gomez sells crabs because he can earn more with this kind of endeavor. Aside from the fish he sells, he also markets crabs.
Gomez is requesting a loan of 6,000 PHP from CEVI. He will use the loan to purchase crab nets and repair the pump boats. In this way, the boat will be used for fishing, and he can deliver his catch to other places.
CEVI helps fishermen sustain their livelihoods and businesses. Their being part of CEVI entitles them for easy access to CEVI credit assistance, trainings, and insurance coverage.
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.