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"After I resigned my previous job, I got married and we had three children. On the same date, I also started to grow seaweed. The income that I get from my farm has helped a lot in providing the needs of my wife as well as my children," says Wilfredo T., an entrepreneur and father of three children.

He would like to ask for a loan of Php 25,000 from CEVI. He will use the loan to buy additional seedlings for his seaweed farm. The loan will really help him improve their family income.

CEVI aims to help small businesss to grow. It provides 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
  • 381
    View loans »
    Philippines Loans Fundraising
  • $70,798,900
    Funds lent in using Kiva
  • 47.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Wilfredo to buy additional seedlings for his seaweed farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 14, 2009
Jun 3, 2009
Currency Exchange Loss:
Oct 15, 2009