Merlinda is 35 years old and is a married woman with 2 children, aged 13 and 6. Merlinda's husband works as a Barangay official.
Merlinda sells cassava chips for a living. She has had this business for 6 years. Merlinda buys sacks of cassava to dry and cook. She then repacks the cassava chips to sell to her customers. Merlinda earns 20,000 PHP with this business. Merlinda has requested a loan to purchase fresh cassava and dried cassava chips. She hopes for her business to grow bigger.
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.