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Romulo
“I am the provider for all of my family's needs. I want to build a good future for them and let them live a happier life,” says Romulo S., a 46-year-old father from Trento, Agusan Del Sur. His wife is a dressmaker and has always been supportive of him in his decision to be the head of the family.

With 12 years of experience as a craftsman, Romulo decided to start his own business. He shapes metals and manufactures tools used in gardening like bolos, shovels, etc. He needs a loan of $125 to purchase materials for molding metals.

CEVI gives Romulo the chance to grow his business. His participation in the CEVI credit program gives him access to credit assistance, training, and insurance coverage, which CEVI offers to all of their clients.

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
  • 956
    View loans »
    Philippines Loans Fundraising
  • $54,434,500
    Funds lent in using Kiva
  • 49.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Romulo purchase materials such as charcoal, wood, and steel for making garden tools.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2008
Listed
Dec 19, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009