A loan of $350 helped to purchase fertilizer such as manure and pay for the laborers who help him prepare his land.

Noel's story

Noel N. is from the town of Sto. Niño. He is 42 years old. Noel is married and has 4 school-aged children. To make a living, Noel 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 primarily from planting and harvesting rice for sale. Noel has been engaged in his business for over 20 years.

Noel joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Noel has successfully repaid a previous loan from CEVI. Noel is requesting a new loan of 15000 PHP which will be used to purchase fertilizer such as manure and pay for the laborers who help him prepare his land. This loan will be the tenth loan taken out by Noel from CEVI. He plans to use the additional revenue generated from the business to improve his business.

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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