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Romeo
Romeo M. is from the town of Banga. He is 42 years old. Romeo is married and has 2 children, aged 22 and 16. To make a living, Romeo 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.

Romeo joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Romeo has successfully repaid a previous loan from CEVI. Romeo is requesting a new loan of 15000 PHP which will be used to purchase fertilizers and seeds. He plans to use the additional revenue generated from the business to pay the tuition fees of his children.

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
  • 1448
    View loans »
    Philippines Loans Fundraising
  • $59,252,950
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Romeo to purchase fertilizers and seeds.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 17, 2011
Listed
Feb 21, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011