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Rufo
Rufo is a 40-year-old married man from Antequera, Bohol. He has no children yet. He is engaged in a motorcycle transport business. He transports his customers to remote areas in their community. He also operates a sari-sari (variety) store, which his wife manages while he operates the motorcycle transport business. Rufo has requested a loan of 8,000 PHP to buy new tires for his motorcycle and more merchandise to sell, such as soft drinks, canned goods, and noodles. In the future, Rufo would like expand his business to support his family.

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
  • 1038
    View loans »
    Philippines Loans Fundraising
  • $57,757,925
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Rufo to buy tires for his motorcycle and stocks of additional merchandise for his variety store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 11, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013