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.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 19, 2008 Oct 12, 2005
Total Loans $2,981,700 $592,214,975
Amount of raised Inactive loans $0 $816,125
Number of raised Inactive loans 0 663
Amount of Paying Back Loans $89,650 $116,724,125
Number of Paying Back Loans 348 124,134
Amount of Ended Loans $2,892,050 $474,674,725
Number of Ended Loans 12,618 602,242
Delinquency Rate 5.29% 4.02%
Amount in Arrears $2,282 $3,026,567
Outstanding Portfolio $43,108 $75,221,618
Number of loanDelinquent 219 12,360
Default Rate 0.14% 1.13%
Amount of Ended Loans Defaulted $4,075 $5,345,663
Amount of Ended Loans $2,892,050 $474,674,725
Number of Ended Loans Defaulted 33 16,814
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $6 $538,403
Refund Rate 0.13% 0.77%
Amount of Refunded Loans $3,750 $4,537,625
Number of Refunded Loans 15 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 83.82% 74.19%
Average Loan Size $230 $418
Average Individual Loan Size $230 $656
Average Group Loan Size $275 $1,828
Average number of borrowers per group 4.5 8
Average GDP per capita (PPP) in local country $1,175 $3,429
Average Loan Size / GDP per capita (PPP) 19.56% 12.20%
Average Time to Fund a Loan 0.82 days 5.6 days
Average Dollars Raised Per Day Per Loan $280.05 $74.62
  Average Loan Term 4.82 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 11,668 296,398
  Journaling Rate 90.13% 42.38%
  Average Number of Comments Per Journal 0.01 0.08
  Average Number of Recommendations Per Journal 0.50 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 49% PY 46.00% PY 33.27% PY
  Profitability (return on assets) -3.2% 4.8% -1.45%
  Average Loan Size (% of per capita income) 6.20% 8.00% 40.88%

Country Fast Facts

Field Partner Staff

Leliven Ednalgan
Ronie Andig
Junjie Anguring
Benigno Aranez
Danilo Arango
Grace Asis
Lea Avenido
Eudelito Aventurero
Michael Baay
Waren Balame
Allen Baling
Odones Cago
Gaudioso Calibugan
Lourdes Centino
CEV Tagbilaran CEV Tagbilaran
Jeason Cutarra
Junry Dajang
Evangeline Dante
Ludia Dante
Lareto Diaz
Lareto Jr. Diaz
Jonar Dorado
Orlando Ducay Jr.
Salome Dumaran
Hercules Ebao
Team Editing
Donald Esid
Ernesto Eyas
Retchel Fajardo
Rael Garcia
Jim Rey Gecain
Ranelo Genzon
Joebert Guillen
Ramil Ilhig
Marites Jamilo
Focas Jandayan
Michael Kellogg
Marilyn Logroño
Bernardo Luega
Gladys Macalos
Ryan Joseph Maduro
Michelle Maquindang
Ariel Bryan Martinez
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
Jiffy Quitoriano
Renante Ramirez
Mary Jane Renegado
Charlo Rentuaya
Hyacinth Revilles
Juniver Rosas
Shiela Rosolada
Glenda Sabenorio
Quennie Ann Salomon
Aldren Socorin
Aureo Villame