Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International, 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.”

A Note about CEVI’s Portfolio Yield:

We care deeply about the cost that Kiva borrowers pay for their loans, which is why fair pricing is a core part of our initial due diligence process for Field Partners. With Kiva's 0% capital, many of our Field Partners are also able to add additional value to their loans by reducing interest rates, offering non-financial services or creating new loan products.

For partners with reported portfolio yields or average APRs higher than 50%, Kiva takes steps to check that the high rates are justified by the impact of the loans. Kiva also verifies that the partner is not generating unreasonable profits or paying inflated salaries, and that the partner’s elevated operating costs are justified by its operating environment and/or the design of its loan products.

We seek to support loans that don’t impose an unjustifiable cost burden on hard-working borrowers. We nevertheless recognize that in order to reach vulnerable and excluded people with high-impact products and services, some of our partners incur high costs that necessitate charging higher-than-average costs to borrowers in order to allow for sustainability and scale. With this partner, Kiva capital is supporting a loan product that costs less than the partner's typical products.

Factors that drive up the costs that this partner organization charges its borrowers include:

  • They provide very small loans. This leads to higher operating costs, since providing each individual loan presents a minimum per-unit cost.
  • They provide more than just cash to many of their borrowers, including costly wraparound services such as healthcare, financial or business training, agricultural extension services, insurance or access to education.
  • They work extensively in rural areas, which requires their employees to engage in costly travel to find and serve their clients.
  • They operate in a region known to be at risk of natural disaster, which increases the cost of doing business.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 19, 2008 Oct 12, 2005
Total Loans $7,221,600 $994,015,325
Amount of raised Inactive loans $575 $257,450
Number of raised Inactive loans 3 304
Amount of Paying Back Loans $961,350 $153,841,625
Number of Paying Back Loans 3,332 195,782
Amount of Ended Loans $6,259,675 $839,916,250
Number of Ended Loans 23,607 1,055,620
Delinquency Rate 4.44% 8.69%
Amount in Arrears $26,790 $8,875,692
Outstanding Portfolio $603,733 $102,174,618
Number of Loans Delinquent 441 30,836
Default Rate 0.22% 1.42%
Amount of Ended Loans Defaulted $13,758 $11,890,081
Number of Ended Loans Defaulted 100 34,252
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $10 $4,501,882
Refund Rate 0.09% 0.60%
Amount of Refunded Loans $6,675 $5,985,075
Number of Refunded Loans 26 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 85.21% 75.51%
Average Loan Size $268 $398
Average Individual Loan Size $268 $627
Average Group Loan Size $275 $1,756
Average number of borrowers per group 4.5 7.7
Average GDP per capita (PPP) in local country $7,000 $5,871
Average Loan Size / GDP per capita (PPP) 3.83% 6.78%
Average Time to Fund a Loan 4.82 days 6.92 days
Average Dollars Raised Per Day Per Loan $55.56 $57.54
  Average Loan Term 7.46 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 15,620 519,181
  Journaling Rate 64.30% 41.20%
  Average Number of Comments Per Journal 0.01 0.05
  Average Number of Recommendations Per Journal 0.37 1.14

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 57% PY 46.00% PY 26.28% PY
  Profitability (return on assets) 11.96% 4.8% -1.13%
  Average Loan Size (% of per capita income) 6.20% 8.00% 16.31%

Country Fast Facts

Field Partner Staff

Junjie Anguring
Maros Apostol
Maros Parreno Apostol
Benigno Aranez
Grace Asis
Eudelito Aventurero
Michael Baay
Waren Balame
Glydel Baluria
Dominga Bañados
Michael Cabasing
Odones Cago
Noel Canete
CEV Tagbilaran CEV Tagbilaran
Jeason Cutarra
Junry Dajang
Ludia Dante
Orlando Ducay Jr.
Hercules Ebao
Team Editing
Leliven Ednalgan
Donald Esid
Allan Estoya
Ernesto Eyas
Retchel Fajardo
Rael Garcia
Jim Rey Gecain
Ranelo Genzon
Joebert Guillen
Ramil Ilhig
Marites Jamilo
Focas Jandayan
Michael Kellogg
Hilmer Labiaga
Elias Jr Ladera
Marjorie Lumba
Michelle Maquindang
Ariel Bryan Martinez
Marilou Membreve
Estela Marie Miculob
Rheena Montecalvo
Francisco Murillo
George Napalla
Rey Jay Paden
Baly Fernando Panilog
Marilou Pasigna
Salome Pepito
Elvira Pintac
Tessa Joy Policios
Jiffy Quitoriano
Mary Jane Renegado
Charlo Rentuaya
Markwel Romano
Juniver Rosas
Shiela Rosolada
Glenda Sabenorio
Quennie Ann Salomon
Maria Fe Samon
Aldren Socorin
Susan Trinidad