Last updated January 28, 2012

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
 
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 $2,949,250 $536,584,175
Amount of Raised Inactive Loans $0 $240,350
Number Of Raised Inactive Loans 0 240
Amount of Paying Back Loans $233,950 $108,976,300
Number Of Paying Back Loans 994 112,332
Amount of Ended Loans $2,715,300 $427,367,525
Number Of Ended Loans 11,884 549,352
Delinquency Rate 1.25% 3.52%
Amount In Arrears $1,786 $2,470,527
Outstanding Portfolio $143,427 $70,115,648
Number of Loans Delinquent 41 10,959
Default Rate 0.15% 1.01%
Amount of Ended Loans Defaulted $3,967 $4,335,486
Amount of Ended Loans $2,715,300 $427,367,525
Number Of Ended Loans Defaulted 31 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $6 $298,028
Refund Rate 0.13% 0.82%
Amount of Refunded Loans $3,750 $4,417,000
Number Of Refunded Loans 15 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 83.79% 74.09%
Average Loan Size $229 $417
Average Individual Loan Size $229 $656
Average Group Loan Size $275 $1,811
Average Number Of Entrepreneurs Per Group 4.5 8
Average GDP Per Capita (PPP) in Local Country $1,175 $3,463
Average Loan Size / GDP Per Capita (PPP) 19.48% 12.04%
Average Time To Fund A Loan 0.8 days 5.27 days
Average Dollars Raised Per Day Per Loan $284.43 $79.06
  Average Loan Term 4.71 months 10.04 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 8,842 268,469
  Journaling Rate 73.43% 42.12%
  Average Number Of Comments Per Journal 0.02 0.09
  Average Number Of Recommendations Per Journal 0.66 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield 45.60% 45.60% 34.93%
  Profitability (Return on Assets) -2.8% 2.3% -1.11%
  Average Loan Size (% of Per Capita Income) 6.20% 11.90% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Leliven Ednalgan
Ronie Andig
Benigno Aranez
Danilo Arango
Lea Avenido
Eudelito Aventurero
Razel Ayop
Michael Baay
Allen Baling
Agnes Marie Barnido
Odones Cago
Gaudioso Calibugan
Lourdes Centino
CEV Tagbilaran CEV Tagbilaran
Edwin Crescencio
Jeason Cutarra
Junry Dajang
Ludia Dante
Lareto Diaz
Lareto Jr. Diaz
Jonar Dorado
Orlando Ducay Jr.
Salome Dumaran
Team Editing
Donald Esid
Ernesto Eyas
Retchel Fajardo
Rael Garcia
Jim Rey Gecain
Ranelo Genzon
Joebert Guillen
Marites Jamilo
Focas Jandayan
Marilyn Logroño
Bernardo Luega
Nelia Lumanta
Gladys Macalos
Ryan Joseph Maduro
Michelle Maquindang
Geruel Marcojos
Dino Martonillas
Maureen Melencion
Mechell Melencion
Marilou Membreve
Estela Marie Miculob
Ahlwin Montecalvo
Francisco Murillo
George Napalla
Jonathan Neri
Jennifer Pacimos
Rey Jay Paden
Rey Jay Paden
Baly Fernando Panilog
Salome Pepito
Kristian Piala
Elvira Pintac
Rhea Fe Pulido
Jiffy Quitoriano
Renante Ramirez
Mary Jane Renegado
Charlo Rentuaya
Charlo Rentuaya
Ronnie Reyes
Shiela Rosolada
Glenda Sabenorio
Quennie Ann Salomon
Aldren Socorin
Aureo Villame