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Federico
47-year-old Federico M. is from the town of Sto. Nino. He is married and has 7 school-aged children. To make a living, Federico owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale.

Federico joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Federico has successfully repaid a previous loan from CEVI. Federico is requesting a new loan of 8000 PHP which will be used to purchase fertilizers such as manure and other farm supplies. This loan will be the second loan taken out by Federico from CEVI. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.

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
  • 265
    View loans »
    Philippines Loans Fundraising
  • $53,216,600
    Funds lent in using Kiva
  • 46.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Federico to purchase fertilizers such as manure and other farm supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 8, 2010
Listed
Jun 10, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010