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Teofie
Teofie is a 39-year-old married man from Cortes, Bohol. A father of a 9-year-old daughter, he is engaged in a candle-making business. He has been in this business for 2 years. Aside from making candles, he also raises hogs. Teofie requested a loan of 7,000 PHP to buy materials for candle-making, like wax, bamboo sticks and thread, and to buy feed for the pigs. In the future, Teofie would like to 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

  • $1175
    Average annual income
  • 1126
    View loans »
    Philippines Loans Fundraising
  • $54,636,050
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Teofie to buy materials for candle making, like wax, bamboo sticks and thread, and also feed for the pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013