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"I invested so much in our fishing business. I am a fisherman and my wife and children depend on me to buy the things we need for the house. I am the father and I want to send all my children to school," says Virgilio J., a 33 year-old father of four children.

He would like to ask for a loan of PHP 20,000 from CEVI. He will use the loan to buy fishing materials and to repair the fishing boat. He is also interested to venture into other lines of business.

CEVI provides financial services to rural communities. CEVI gives not just loans but training and insurance coverage as well.

Additional 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
  • 375
    View loans »
    Philippines Loans Fundraising
  • $70,797,850
    Funds lent in using Kiva
  • 47.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Virgilio to buy fishing materials and to repair the fishing boat.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Apr 30, 2009
Jun 1, 2009
Currency Exchange Loss:
Oct 15, 2009