Community Economic Ventures, Inc. (CEVI) was conceptualized in 1998 in Bohol, Philippines to provide support to the need for livelihood among families covered by the Area Development Program of World Vision Development Foundation (WVDF). CEVI started as a micro-enterprise development program that aims to offer more dynamic and sustainable projects.


In 2000, CEVI was registered as a non-stock, non-profit, non-governmental organization (NGO). CEVI is a Christian organization, which integrates values formation in its provision of financial and technical assistance to micro-entrepreneur engaged in trading, manufacturing, agriculture and service-type businesses. CEVI’s social mission is to “serve the economically active poor by providing appropriate and quality microfinance products and services to help their business grow.”

By providing better alternatives to access credit, build up capital, micro-insurance and savings, in addition to extending consultancy services and trainings (Credit Plus Education Program), CEVI has helped transform the lives of thousands of families. Read some client success stories on the CEVI website 

Not only does CEVI strive to build client capacity through business management modules, but also through values trainings, which promote personal development. CEVI operates with the understanding that by equipping clients with knowledge, in addition to capital, clients will have the tools to sustain and, eventually, grow their businesses. Furthermore, CEVI primarily serves women, under the notion that as women are able to achieve higher incomes, they will directly invest to improve their family’s quality of life, and they will instill good values in their children.

Since its inception 10 years ago, CEVI has established microfinance services in 12 provinces and cities across the Philippines, for a total of 26 branches. CEVI continues to explore methods to increase outreach to people in impoverished regions, including communities that have been financially excluded based on ethnicity and religion.

Vision: “People experiencing fullness of life.”

Mission: “As a sustainable Microfinance Institution, we follow Jesus Christ in promoting transformation in the lives of poor families and communities through the provision of appropriate microfinance services with values formation, training and consultancy.”

Join our lending team: "Friends of CEVI - Philippines"


September 11, 2011
 
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
 
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 
 
The information gathered during this process, together with the Kiva's new risk rating system and half-star support, has led us to revise CEVI's risk rating from 3 to 4 stars. The analysts have found that CEVI's risk variables, reviewed in the new risk rating model, were most representative of a 4-Star rating.
 
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here: http://www.kiva.org/updates/kiva/2011/09/07/kiva-risk-ratings-now-with-half-stars.html.
 
CEVI has been informed of our analysts’ findings and their corresponding change in rating.


Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 19, 2008 Oct 12, 2005
Total Loans $1,594,575 $280,866,475
Amount of Raised Inactive Loans $0 $8,475
Number Of Raised Inactive Loans 0 16
Amount of Paying Back Loans $185,575 $76,717,975
Number Of Paying Back Loans 828 92,492
Amount of Ended Loans $1,409,000 $204,140,025
Number Of Ended Loans 5,896 280,128
Delinquency Rate 2.85% 2.44%
Amount In Arrears $4,265 $1,253,784
Outstanding Portfolio $149,765 $51,303,862
Number of Loans Delinquent 33 11,530
Default Rate 0.03% 1.12%
Amount of Ended Loans Defaulted $443 $2,280,201
Amount of Ended Loans $1,409,000 $204,140,025
Number Of Ended Loans Defaulted 4 6,779
Currency Exchange Loss Rate 0.00% 0.00%
Amount of Currency Exchange Loss $0 $12,824
Refund Rate 0.24% 1.25%
Amount of Refunded Loans $3,750 $3,520,925
Number Of Refunded Loans 15 4,156

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 83.50% 74.89%
Average Loan Size $237 $389
Average Individual Loan Size $237 $618
Average Group Loan Size $275 $1,631
Average Number Of Entrepreneurs Per Group 4.5 8
Average GDP Per Capita (PPP) in Local Country $1,175 $3,403
Average Loan Size / GDP Per Capita (PPP) 20.16% 11.42%
Average Time To Fund A Loan 0.6 days 3.96 days
Average Dollars Raised Per Day Per Loan $392.11 $98.13
  Average Loan Term 4.21 months 9.26 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,064 131,523
  Journaling Rate 64.69% 39.37%
  Average Number Of Comments Per Journal 0.03 0.16
  Average Number Of Recommendations Per Journal 1.44 4.21

Kiva HelpBorrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) 49.30% 44.60% 36.11%
  Average Partner Return On Assets (Average Profitability) 0.5% 2.2% -1.45%
  Average Loan Size (% of Per Capita Income) 5.53% 13.40% 43.69%

Kiva HelpCountry Fast Facts

Field Partner Staff

Ruby Jane Alcantara
Danilo Arango
Gaudioso Calibugan
CEV Butuan CEV Butuan
CEV Davao CEV Davao
CEV GenSan CEV GenSan
CEV Surallah CEV Surallah
CEV Tagbilaran CEV Tagbilaran
CEV Trento CEV Trento
CEV Zamboanga CEV Zamboanga
Edwin Crescencio
Jonar Dorado
Orlando Ducay Jr.
Team Editing
Joel Gatus
Jamie Greenthal
Shella Guma-od
Jovito Gurrea
Almedilla Juliet
Virgilio Mallo
Marilou Membreve
Estela Marie Miculob
Jonathan Neri
Floredick Pajarillo
Elvira Pintac