Erlinda S. is from the town of Trinidad. She is 52 years old. Erlinda is married and has 7 children. To make a living, Erlinda owns and operates a food stall. While not the only means for generating revenue, the main source of income for the business comes primarily from tending a "turo-turo" (cooked food counter) in the community. Erlinda wants to increase her earnings and have her own savings.
Erlinda joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Erlinda has successfully repaid a previous loan from CEVI. Erlinda is requesting a new loan of 7,000 PHP which will be used to purchase ingredients for cooking. She plans to use the additional revenue generated from the business to supplement the family's 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.