A loan of $450 helped to purchase additional products to sell.

Rolando's story

Rolando H. is from the town of Niño. He is 58 years old. Rolando is married and has four school-aged children. To make a living, Rolando owns and operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling both food and daily use products in the local community. Aside from that, he also grows hogs for fattening and sale. Rolando has been engaged in his business for over 26 years.

Rolando joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Rolando has successfully repaid a previous loan from CEVI. Rolando is requesting a new loan of 20,000 PHP, which will be used to purchase additional products to sell. This loan will be the eighth loan taken out by Rolando from CEVI. He plans to use the additional revenue generated from the business to pay the tuition fees of his children.

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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