Rene is a farmer who owns land in his town. He tills his land and prepares it well for cropping. Rene grows rice that he sells to his community. He usually earns about 3,000 PHP from his farming. Rene also owns a sari-sari (variety) store that his wife manages. They sell noodles, canned goods and other kinds of products. Rene says that the store helps the family with their daily needs.
Rene has requested a loan to purchase seeds, fertilizers and additional merchandise to sell. He is hopeful that this loan will help his businesses to grow.
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.
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Success!! The loan was 100% repaid