Melanie is a married woman with two children. She is 35 years old and has been running a sari-sari store business for five years.
Melanie sells items like soft drinks, coffee, sugar and canned goods to the people in her community. She earns daily from the store. She is requesting a loan of 6,000 PHP to buy more items to sell, such as soft drinks and canned goods.
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.