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Ernesto
Ernesto is a 47-year-old married man with 6 children aged between 2 and 24 years. He owns a vulcanizing shop and is involved in seaweed farming. Ernesto hired workers to do seaweed farming for him so he could focus on his vulcanizing shop. He works hard to provide for his family's basic needs and sustain his children's education.

Ernesto is requesting a loan to purchase tools and pay for the labor of seaweed farmers. He hopes for his ventures to succeed and for his family to have a more stable living.

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
  • 269
    View loans »
    Philippines Loans Fundraising
  • $52,839,500
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Ernesto to purchase tools and pay for labor of seaweed farmers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012