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Alex
Alex M. joined CEVI in October 2007. He is pleased with the CEVI program because it offers a valuable service of loans with only 2% interest per month which he believes is good and acceptable. Alex is a farmer, and rice is his main crop. His wife Josephine M. also helps him. They have been married since 2001. He utilizes all his harvest to buy the things they need in their home like food, clothing, and the education of his eldest child who is now 6 years old. He is asking Community Economic Ventures Inc. for a loan in the amount of PHP 15,000 which he will use to pay the laborers who work on his farm.

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
  • 351
    View loans »
    Philippines Loans Fundraising
  • $50,930,575
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Alex to finance his farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 10, 2009
Listed
Aug 16, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010