Ermelinda is a 39-year-old married woman from Talibon, Bohol. She has 9 children. The oldest is 17 while the youngest is 7 months old. Ermelinda runs a sari-sari (variety) store. She sells various items like soft drinks, juice, biscuits, noodles, dishwashing liquid and soap. Ermelinda has been running a store for almost 10 years. Aside from running a store, Ermelinda goes fishing. She sells fish to augment her income. Ermelinda requested a loan of 6000 PHP to buy fishing nets, lift weights and various stock for the store. In the future, Ermelinda hopes that she could expand both her businesses to support the education of her children.
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.