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Joelito is a 45-year-old married man from Talibon, Bohol. He has seven children. The oldest child is 24, while the youngest is 2. He is engaged in seaweed farming. He grows seaweed. Aside from seaweed farming, Joelito also engages in fishing. He sells fish, crabs and clams. He has been into fishing for more than ten years now.

He requested a loan of 5,000 PHP to buy straw and additional seaweed seedlings to improve the production of seaweed.

In the future, Joelito would like to invest in other businesses to improve their livelihood status and also to send his children to school.

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
  • 1244
    View loans »
    Philippines Loans Fundraising
  • $57,844,575
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Joelito to buy straw and additional seaweed seedlings.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 7, 2013
Jun 4, 2013
Currency Exchange Loss:
Dec 20, 2013