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To own a turtle machine (an item of farm equipment), is 49-year-old Charlito D.’s long-term goal for his rice farming business. Because of this, he is determined to improve the business’s present status. He owns five hectares of land yet he sometimes experiences disappointments during harvest due to materials deficiency. This made him decide to apply for a loan from the Community Economic Ventures Inc. (CEVI) in the amount of Php 15,000.00.

Aside from being a businessperson, Charlito is a supportive breadwinner for his wife and two children. He looks forward to providing them not just with their material needs but also nourishing their spiritual appetite. It’s a good thing that Charlito always gets fresh biblical reflections from their group meetings in CEVI that he also relays to his household.

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

  • $7,000
    Average annual income
  • 1237
    View loans »
    Philippines Loans Fundraising
  • $57,827,400
    Funds lent in using Kiva
  • 48.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Charlito to pay for labor and other farming necessities.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jun 1, 2009
Jun 23, 2009
Currency Exchange Loss:
Dec 15, 2009