Merlie P. is from the town of Sto. Niño. She is 54 years old and has 2 school-aged children. She earns her living through farming. She plants rice crops and sells her harvest to the market. She also grows pigs for fattening and sale. Merlie is a hardworking mother. She wants to provide for all her family's needs.
Merlie joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlie has successfully repaid a previous loan from CEVI. She is requesting a new loan of 18,000 PHP which will be used to purchase farm supplies and pig feed. She plans to use the additional revenue generated from the business to expand it.
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.