47-year-old Melindy C. is from the town of Surallah. She is married and has three children. To make a living, Melindy owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting & harvesting a variety of vegetables for sale. She also grows hogs in her backyard. Melindy has been engaged in her business for over 10 years now.
In 2008, Melindy joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Melindy has successfully repaid a previous loan from CEVI. Melindy is requesting a new loan of 15,000 PHP which will be used to purchase fertilizers such as manure and hog feed. This will be the sixth loan taken out by Melindy from CEVI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
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.