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Armando
Armando started his business 22 years ago. He invested in rice farming. He tills his land himself and plants rice crops. He sells his harvest to his community. Armando is happy that his business is improving little by little. He is the provider in his family that's why he works hard to sustain his family.

Armando is applying for a loan of 20,000 PHP which he will use to buy seeds, fertilizers and other farm inputs. He plans to use the additional revenue generated from the business to pay for his 3 children's education.

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

  • $7,000
    Average annual income
  • 1267
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Armando to purchase seeds, fertilizers and other farm supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 16, 2011
Listed
Feb 23, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011