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Ricardo
Ricardo is a farmer from Ubay, Bohol. He is a married man and a father of two children. He has been in the farming business for more than three years. He also runs a sari-sari or variety store.

Ricardo is asking for a loan to buy fertilizer for the farm and additional stock for the grocery store like noodles, canned goods, soap, toiletries, soda and other beverages. With this assistance, he will be able to improve the productivity of his farm as well as his store. In the future, Ricardo hopes to make his business a success.

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
  • 464
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ricardo to buy fertilizer for the farm and additional stock for the grocery store like noodles, canned goods, soap and toiletries, soda and beverages.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2013
Listed
Oct 27, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 23, 2014