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Virgilio
Fifty-year-old farmer Virgilio plows a rice field. He strives hard, working on his farm to support his five children. He wants his children to have a bright future. He wants to improve his farming to have a greater income.

He heard about Community Economic Ventures, Inc., a Kiva partner that offers financial assistance to entrepreneurs like him. He joined and requested a loan of 12,000 Philippine pesos to support 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
  • 288
    View loans »
    Philippines Loans Fundraising
  • $52,093,400
    Funds lent in using Kiva
  • 45.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Virgilio farm inputs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 6, 2010
Listed
Jan 17, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010