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Reynaldo
Reynaldo M. is managing a small parcel of rice farm. He is 32 years old and unmarried. He owns a 1.5 hectare farm that helps him satisfy his daily needs. "I want to grow this farm so that when I will have my own family, I can easily provide all their needs", he says.

He is asking a loan of PHP 6,000 from CEVI. He will use the loan to purchase insecticides, fertilizers and pay the laborers’ salaries. He thinks that with the loan he would be able to improve his harvest.

CEVI aims to help small business grow. It reaches out rural communities and encourages people to start their own livelihood. CEVI gives with not just loans but trainings and insurance coverage as well.

Additional Information

More information about this loan

On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More information >>

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.

You can show your support for CEVI by joining the Friends of CEVI Kiva Lending Team. Learn more by visiting the CEVI website.

About Philippines

  • $1175
    Average annual income
  • 285
    View loans »
    Philippines Loans Fundraising
  • $52,061,650
    Funds lent in using Kiva
  • 47.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Reynaldo to purchase insecticides, fertilizers and pay laborers' salaries.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 5, 2009
Listed
May 20, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009