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Romeo
Romeo is a 59-year-old married man from Carlos P. Garcia, Bohol. He has four grown children. He operates a variety store. He sells basic commodities such as canned goods, noodles, sugar, coffee, soaps, and toiletries. He has been in the retail business for almost nine years. He requested a loan of PHP 6,000 to buy more commodities to sell such as rice, condiments, beverages, and soft drinks. In the future, Romeo would like to invest in other businesses to be successful, while saving for old age.

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
  • 366
    View loans »
    Philippines Loans Fundraising
  • $50,851,300
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Romeo to buy more commodities to sell such as rice, condiments, beverages, and soft drinks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013