Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
Philippines
Partner Description:
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, CEVI has established microfinance services in 13 provinces and cities across the Philippines, for a total of 30 branches, as of June 2011. 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
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Nov 19, 2008 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $2,400,075 | $424,815,950 | |
| Amount of Raised Inactive Loans | $0 | $294,250 | |
| Number Of Raised Inactive Loans | 0 | 236 | |
| Amount of Paying Back Loans | $379,250 | $92,776,925 | |
| Number Of Paying Back Loans | 1,705 | 100,545 | |
| Amount of Ended Loans | $2,020,825 | $331,744,775 | |
| Number Of Ended Loans | 8,749 | 434,961 | |
| Delinquency Rate | 0.00% | 2.07% | |
| Amount In Arrears | $0 | $1,221,363 | |
| Outstanding Portfolio | $220,028 | $59,008,722 | |
| Number of Loans Delinquent | 0 | 9,846 | |
| Default Rate | 0.20% | 0.97% | |
| Amount of Ended Loans Defaulted | $3,967 | $3,220,059 | |
| Amount of Ended Loans | $2,020,825 | $331,744,775 | |
| Number Of Ended Loans Defaulted | 31 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.16% | 0.96% | |
| Amount of Refunded Loans | $3,750 | $4,068,925 | |
| Number Of Refunded Loans | 15 | 4,589 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 83.62% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $229 | $407 | |
| Average Individual Loan Size | $230 | $645 | |
| Average Group Loan Size | $275 | $1,742 | |
| Average Number Of Entrepreneurs Per Group | 4.5 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $1,175 | $3,347 | |
| Average Loan Size / GDP Per Capita (PPP) | 19.53% | 12.15% | |
| Average Time To Fund A Loan | 0.78 days | 4.69 days | |
| Average Dollars Raised Per Day Per Loan | $292.31 | $86.72 | |
| Average Loan Term | 4.57 months | 9.61 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 5,718 | 203,249 | |
|---|---|---|---|
| Journaling Rate | 62.92% | 39.93% | |
| Average Number Of Comments Per Journal | 0.02 | 0.11 | |
| Average Number Of Recommendations Per Journal | 1.02 | 2.73 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 45.60% | 45.60% | 35.02% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | -2.8% | 2.3% | -0.38% | |
| Average Loan Size (% of Per Capita Income) | 6.20% | 11.90% | 46.53% |
- Country:
- Philippines
- Capital:
- Manila
- Official Language:
- Filipino and English
- Population:
- 90,460,000
- Avg Annual Income:
- $1175
- Labor Force:
- Laborers and Unskilled workers - 31.6% Agricultural Workers - 18.1%
- Population Below Poverty Line:
- 28,000,000
- Literacy Rate:
- 92%
- Infant Mortality Rate (per 1000):
- 30 deaths
- Life Expectancy:
- 68 years
Field Partner Staff
Techie AmoloRonie Andig
Benigno Aranez
Danilo Arango
Lea Avenido
Razel Ayop
Zenny Bagot
Agnes Marie Barnido
Gaudioso Calibugan
Jeanette Ann Calvis
Lourdes Centino
CEV Tagbilaran CEV Tagbilaran
Edwin Crescencio
Jeason Cutarra
Jonar Dorado
Orlando Ducay Jr.
Salome Dumaran
Team Editing
Retchel Fajardo
Jophert Son Garcia
Rael Garcia
Jim Rey Gecain
Ranelo Genzon
Ronielyn Impis
Focas Jandayan
Andy Kaestle
Marilyn Logroño
Bernardo Luega
Reynaldo Lugod
Nelia Lumanta
Ryan Joseph Maduro
Michelle Maquindang
Geruel Marcojos
Jeve Marson
Marilou Membreve
Estela Marie Miculob
Ahlwin Montecalvo
George Napalla
Jonathan Neri
Caroline May Oponda
Rey Jay Paden
Floredick Pajarillo
Kristian Piala
Elvira Pintac
Rhea Fe Pulido
Renante Ramirez
Rogelio Jr Relantos
Mary Jane Renegado
Ronnie Reyes
Shiela Rosolada
Ranelo Ruloma
Quennie Ann Salomon
Reynaldo Simogan

