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Florencio
Florencio, of San Miguel, is 45 years old. He has been farming rice and fishing for 20 years now. He is married and has one son who is 18 years old. Florencio wants the best for his family. Aside from his businesses, he also supports his wife's business which is a general store.

Florencio does not want to stop there. Together with his wife, they work hard on the farm for a better income. This earns him 3,000 PHP a month. He wants to do more for his business through a loan. The loan will be used to buy a fishing net and weight leads to sustain his fishing.

He aims to have a bigger income for his family. The additional profit will go towards his family’s daily consumption and reinvestment in the same 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

  • $7,000
    Average annual income
  • 1245
    View loans »
    Philippines Loans Fundraising
  • $57,895,900
    Funds lent in using Kiva
  • 42.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Florencio to buy a fishing net and weight leads.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013