A loan of $250 helped to purchase sacks of fertilizer and other farm inputs.

Rey's story

Rey Y. is from the town of Banga. He is 40 years old and single. To make a living, Rey owns and operates a business venture in the agriculture sector raising crops. The main source of income for the business comes from planting and harvesting rice for sale. Rey wishes to be a successful businessman.

Rey joined CEVI to gain access to financial services to help improve his living situation and ability to engage in business activities. Rey has successfully repaid a previous loan from CEVI. Rey is requesting a new loan of 10,000 PHP, which will be used to purchase sacks of fertilizer and other farm inputs. He plans to use the additional revenue generated from the business to make improvements to his house.

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 also 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.

Loan details

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Loan details