Merlinda is a 53-year-old, married woman, from Ubay, Bohol. Merlinda has run a sari-sari (variety store) business for more than 20 years. She sells various goods and items to the people in her area. This is the source of her income.
Merlinda is asking for a loan to buy additional items to resell, like canned goods, candies, rice, snack foods, soap and toiletries. With this better inventory, she will be able to attract and cater to more buyers in her store, thus augmenting her sales and income.
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.