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Flaviano
Flaviano is a 54-year-old married man living in Talibon, Bohol, Philippines, who has been a fisherman for several years now. He is also running a guso or seaweed farming business. Eucheuma, a red alga, endemic to Philippine marine waters, is the twentieth-century wonder plant. It is so called because of its many important uses in various industries. From this seaweed is extracted carrageenan, a valuable substance used in products that need gelling, suspending, thickening, emulsifying and water-holding.
Flaviano is requesting a loan worth 25000 PHP which will be used to buy fishing equipment such as fish nets, ropes, and fuel for the fishing boat.
Flaviano works hard to earn a living in order to support the needs of his family.
In the future, Flaviano hopes to expand his business and to reinvest in it to augment his income. He believes that it takes perseverance, hard work, and support in order to succeed in business.

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
  • 311
    View loans »
    Philippines Loans Fundraising
  • $50,697,350
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Flaviano to buy fishing equipment such as fish nets, ropes, and fuel for the fishing boat.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2012