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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

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

  • $7,000
    Average annual income
  • 867
    View loans »
    Philippines Loans Fundraising
  • $63,374,250
    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
May 5, 2009
May 20, 2009
Currency Exchange Loss:
Nov 15, 2009