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Benedicto
Benedicto is a 39-year-old, married man and a father of three children. He has been engaged in a motorcycle transport business for more than eight years now. This is the source of his income.

Benedicto is asking for a loan to buy spare wheel tires, nuts and bolts, and fuel for the motorcycle. With this loan, he will be able to improve and maintain the good working condition of the motorcycle. Benedicto also wants to save money to pay the educational expenses 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

  • $7,000
    Average annual income
  • 1060
    View loans »
    Philippines Loans Fundraising
  • $57,698,150
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Benedicto to buy spare wheel tires, nuts and bolts, and fuel for the motorcycle.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Aug 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014