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Rolando
In 2002, Rolando M. decided to start a small business. Since he knew a little about electronics repair, he started a shop, in order to provide income for his family. He is 44 years old this year and all of his four children are studying in school.

All he wants to do is make his shop prosper. After he found out about Kiva in CEVI, he applied for a loan worth PHP 18,000 to support his business.

Now, he is actively joining other entrepreneurs in the village during CEVI cluster meetings. He received not just a loan but training 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
  • 1466
    View loans »
    Philippines Loans Fundraising
  • $59,362,100
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Rolando to purchase materials and tools for his shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2009
Listed
Jul 23, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009