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Ritchel
Ritchel T. is from the town of Sta. Josefa. She is 26 years old. Ritchel is married and has 2 young children. To make a living, Ritchel owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Ritchel also spends time at their farm. She helps her husband maintain their rice farm and keep it productive.

Ritchel joined CEVI to gain access to financial services to help improve her living situation and ability to engage in business activities. Ritchel has successfully repaid a previous loan from CEVI. Ritchel is requesting a new loan of 11000 PHP, which will be used to buy additional merchandise to sell and also to buy farm supplies. She plans to use the additional revenue generated from the business to improve her family's living conditions.

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
  • 1166
    View loans »
    Philippines Loans Fundraising
  • $54,856,275
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Ritchel to buy products to sell, and to buy supplies for farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 2, 2010
Listed
Dec 11, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011