Meralyn T. is from the town of Surallah. She is 41 years old, married, and has four children. To make a living, Meralyn raises crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale. Meralyn works hard to sustain her children's education. Two of her children are in college and she hopes for them to finish and find decent jobs.
Meralyn joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Meralyn has successfully repaid a previous loan from CEVI. Meralyn is requesting a new loan of 14,000 PHP, which will be used to purchase seeds, fertilizers, and other farm needs. She plans to use the additional revenue generated from the business to pay for her children's school fees.
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.