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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

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
  • 1445
    View loans »
    Philippines Loans Fundraising
  • $59,252,950
    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