Melarda is a 38-year-old married woman with four children who are 3, 8, 11 and 12 years old. Her husband is a fisherman.
Melarda owns and manages a sari-sari store business in Trinidad, Bohol. She sells various items like canned goods, instant noodles, and toiletries. Melarda earns 3,500 PHP per month with her business. She has applied for a loan to buy more items to sell such as canned goods, spices and toiletries. Melarda hopes for her business to grow and for her family's standard of living to improve.
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.