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Ricardo
Ricardo spent his entire life being a farmer. Now, he is 57 years old and married. His wife is also a farmer. He has doing this business for 30 years now.

Aside from rice, he also raises swine to supplement their family income. He earns about 26,500 Philippines pesos (PHP) per harvest.

Ricardo needs a loan to support his livelihood. The loan will help him buy seeds, fertilizers and pig feed.

In the future, Ricardo hopes to have an improved living situation.

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
  • 272
    View loans »
    Philippines Loans Fundraising
  • $52,821,850
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Ricardo to buy seeds, fertilizers and pig feed.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 15, 2011
Listed
Jun 24, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011