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Faustino is a 41-year-old seaweed farmer living in Talibon, Philippines. For more than ten years now, he has been in the seaweed farming business. He works hard to support his family - a wife and their four children ages 6-16. He is asking for a loan of 6,000 PHP to buy plastic rope, fuel and wooden stakes.

In the future, Faustino hopes to further improve his business and maybe invest in a more lucrative venture.

He also aims to educate his children for their brighter future and have some savings.

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
  • 440
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 45.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Faustino to buy plastic rope, fuel and wooden stakes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 21, 2014
Jan 27, 2014
Currency Exchange Loss:
Aug 6, 2014