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Ricardo
Ricardo is 33 years old and a married man with 5 children. He has had a "habal-habal" (motorcycle transport) business for 7 years. Ricardo is able to provide for his family's daily needs through his business. He hopes to have another source of income to sustain his children's education.

Ricardo has requested this loan to purchase spare parts for his motorcycle. He hopes to improve his family's quality of life through his business.

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
  • 1466
    View loans »
    Philippines Loans Fundraising
  • $59,381,875
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Ricardo to purchase spare parts for his motorcycle.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012