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Joel
Joel is 40 years old and has run a sari-sari (variety) business for the past year and a half. His store is located in front of his house and he also owns a small stall in front of the elementary school in his town where he sells snacks such as banana cue, cassava cakes, sweet potato cue, and chips. Joel earns 3,000 PHP each month.

Joel is requesting a loan to buy pigs and to buy more items to sell such as canned goods and instant noodles. In the future, he plans to start a hog-raising business to augment his income. Joel hopes that his businesses will grow and that his two children will finish college and have bright futures.

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
  • 968
    View loans »
    Philippines Loans Fundraising
  • $54,483,000
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Joel to buy items such as canned goods and noodles, and to buy pigs to raise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2012
Listed
Feb 19, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012