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Newmee
Newmee M. is from the town of Santo Niño. She is 31 years old, married and has a one-year-old child. Newmee has been engaged in rice farming for almost twenty years already. She learned farming from her parents. When she got married, she and her husband invested in land that they are now cultivating for rice crops. She also raises hogs to have an extra source of income. She hopes to acquire more piglets to grow.

Newmee joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from CEVI.

Newmee is requesting a new loan of 20,000 PHP which will be used to purchase fertilizers, additional piglets and feed. She plans to use the additional revenue generated to improve her 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
  • 1292
    View loans »
    Philippines Loans Fundraising
  • $56,442,200
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Newmee to purchase fertilizers, additional piglets and feed.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 12, 2010
Listed
Nov 23, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011