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Ernesto
Ernesto C. is a 59-year-old father of five children. His children are already married and now only he and his wife work in the field for income. Ernesto would like to request a loan of Php 8,000 from Community Economic Ventures Inc. He will use the loan to finance his farm and his efforts to produce an abundant harvest. Receiving this loan is truly worthwhile since he currently doesn't have the money himself to support the business.

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
  • 1009
    View loans »
    Philippines Loans Fundraising
  • $54,488,350
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Ernesto to finance his farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 10, 2009
Listed
Sep 21, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010