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Noel N. is from the town of Sto. Niño. He is 42 years old. Noel is married and has 4 school-aged children. To make a living, Noel 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. Noel has been engaged in his business for over 20 years.

Noel joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Noel has successfully repaid a previous loan from CEVI. Noel is requesting a new loan of 15000 PHP which will be used to purchase fertilizer such as manure and pay for the laborers who help him prepare his land. This loan will be the tenth loan taken out by Noel from CEVI. He plans to use the additional revenue generated from the business to improve his business.

About CEVI:

Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly over the recent years. Based in Bohol, they have numerous branches throughout the Philippines. In 2009, CEVI was awarded a CGAP silver award for transparency in social performance monitoring. CEVI not only provides credit for its clients but additionally savings, insurance, and training which are provided through regular cluster group meetings.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 1859
    View loans »
    Philippines Loans Fundraising
  • $61,075,150
    Funds lent in using Kiva
  • 45.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Noel to purchase fertilizer such as manure and pay for the laborers who help him prepare his land.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jul 8, 2010
Jul 29, 2010
Currency Exchange Loss:
Jan 15, 2011