Melarda is a 36-year-old married woman. She lives in the community of Trinidad, Bohol with her family. She has four children and her husband is a fisherman.
Melarda runs a small sari-sari (variety) store business. She also makes rice cakes and other delicacies that she sells to the people in her community.
With the loan coming from Community Economic Ventures Inc. she will be able to buy ingredients for making rice cakes such as flour and sugar and more items to sell such as shampoo and soap.
In the future, Melarda hopes to have a bigger store and more profit for 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.