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Armando
Armando, age 34, operates a motorcycle transport business. He is also engaged in a fishing venture to earn additional income. He lives with his wife and their three young children.

Armando is requesting a loan in order to buy fishing nets and to purchase fuel for the motorcycle. With this investment, he will be able to improve both his ventures and eventually increase his income.

In the future, Armando dreams of making his business a success and to save enough money for the future schooling of his children.

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
  • 1099
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Armando to buy fishing nets and to purchase fuel for the motorcycle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013