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Florencio
Florencio, age 48, is a rice farmer in Trinidad, Bohol. He sells his harvested rice to members of his community. He and his wife have five children. Florencio works hard to improve his business and his family's living conditions. He is currently making improvements to their house. He also hopes to be able to sustain his children's education.

Florencio's loan will be used to purchase fertilizers and farm equipment, such as a new plow. He hopes to earn a better income from his next harvest so that he can complete the family house.

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
  • 1154
    View loans »
    Philippines Loans Fundraising
  • $54,566,475
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Florencio to purchase fertilizers and farm equipment, such as a new plow.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2011
Listed
Mar 25, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011