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Rene is a 30 year old man from Ubay, Bohol, Philippines. He has been running a sari-sari (variety) store for more than 12 years. He sells a variety of items and goods to the people in the neighborhood. Rene is applying for a loan to buy additional stock to sell, such as canned goods, chips and biscuits, candies, noodles and soda. With this loan, he will be able to sell more and increase his profits. In the future, Rene dreams of expanding his business and making it a success.

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
  • 528
    View loans »
    Philippines Loans Fundraising
  • $69,838,675
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Rene to buy additional stock to sell in his sari-sari (variety) store, such as canned goods, chips and biscuits, candies, noodles and soda.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 31, 2013
Feb 21, 2013
Currency Exchange Loss:
Aug 17, 2013