The farm that he tills now is owned by his parents. He wants to make it productive to help them. He is looking for additional funds to buy the farm needs. He is requesting a loan of Php 10,000 from CEVI to purchase complete fertilizer, Urea, Crude oil, herbicides and to pay the other laborer on his farm.
Joining in The CEVI program develops more than business skills. He has an opportunity to meet other businessmen talking about their small enterprises. CEVI provides credit assistance, training and insurance coverage as well.
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.
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Success!! The loan was 100% repaid