A loan of $150 helped to purchase seeds, fertilizers and other farm inputs.


Ireneo's story

Ireneo S. is from the town of Banga. He is 32 years old. Ireneo is married and has a 4-year-old child. To make a living, Ireneo owns & operates a business venture in the agriculture sector, raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting rice for sale. Ireneo has been engaged in his business for over 9 years and earns approximately 4000 PHP a month for these activities.

Ireneo joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Ireneo is requesting a loan of 6000 PHP which will be used to purchase seeds, fertilizers and other farm inputs. This will be the first loan taken out by Ireneo from CEVI. He plans to use the additional revenue generated from the business to supplement the family's income.

About CEVI:

Community Economic Ventures, Inc (CEVI) has increased its portfolio significantly over the recent years. Based in Bohol, they have numerous branches throughout the Philippines. In 2009, CEVI was awarded a CGAP silver award for transparency in social performance monitoring. CEVI not only provides credit for its clients but additionally savings, insurance, and training which are provided through regular cluster group meetings.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.



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