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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

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
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,107,075
    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