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Nornie
Nornie D. owns a 1-hectare (~2.5 acre) rice field. She has three children, the eldest of whom is 26 years old and wants to study in college. Nornie helps her husband to till their rice farm. When they are not busy on the farm, they visit their fish pond, which is their additional source of income.

She would like to request a loan of Php 12,000 from Community Economic Ventures Inc. She will use the loan to buy fish food and rice seeds. Land preparation is also expensive and the loan will definitely help pay the laborers who prepared the field for planting.

She joined in CEVI program last 2008 and she said, “ CEVI services really helped my family to finance our businesses”.

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
  • 1317
    View loans »
    Philippines Loans Fundraising
  • $57,946,175
    Funds lent in using Kiva
  • 48.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Nornie farm financing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 12, 2009
Listed
Sep 11, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010