Merlinda provides transportation services within her town using her motorized tricycle. She is married and has three children ages three, six and eight. She and her family live in San Jose, Talibon, Bohol.
Merlinda is in need of a loan so that she can buy spare parts and pay the vulcanizing fee for her vehicle. The tricycle is her main source of livelihood, so once it is fixed, she can earn the daily income needed to meet her family's needs. Any additional income will pay for her children's schooling and the pursuit of possible new business opportunities.
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.