Community Economic Ventures, Inc. in the Philippines
CEVI or Community Economic Ventures, (A Microfinance NGO) Inc. is a Christian, non-stock, non-profit, non-government organization organized to respond to the needs of existing and potential micro-entrepreneurs. CEVI operate in ADP areas in World Vision Philippines (WVDF), through the provision of appropriate microfinance services with credit plus education program. CEVI is part of the global […]
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CEVI or Community Economic Ventures, (A Microfinance NGO) Inc. is a Christian, non-stock, non-profit, non-government organization organized to respond to the needs of existing and potential micro-entrepreneurs. CEVI operate in ADP areas in World Vision Philippines (WVDF), through the provision of appropriate microfinance services with credit plus education program. CEVI is part of the global network of VisionFund International (VFI).
Agricultural loan
Interest rates: 1.5% per month
Minimum loan amount: 1000 PHP
Payment terms: Up to 12 months
Approval time: 5 – 21 days
Calculate loanPersonal loan
Interest rates: 3.3% per month
Minimum loan amount: 1000 PHP
Payment terms: Up to 36 months
Approval time: 5 – 21 days
Loan Calculator
Product Features
| Min. financing amount | ₱1000 |
| Max. financing amount | Up to ₱50000 |
| Min. loan tenure | 1 months |
| Max. loan tenure | 36 months |
| Interest rate | 1.5% - 3.3% |
| Approval duration | Up to 240 hours |
| Debt consolidation | Yes |
Example of calculating interest and loan payments
| TERM | 1 months | 2 months | 3 months | 4 months | 36 months |
| LOAN AMOUNT | ₱25000 | ₱25000 | ₱25000 | ₱25000 | ₱25000 |
| FEE | 1.5% | 1.5% | 1.5% | 1.5% | 1.5% |
| INTEREST AMOUNT | ₱31 | ₱63 | ₱94 | ₱125 | ₱1125 |
| TOTAL REPAYMENT | ₱25031 | ₱25063 | ₱25094 | ₱25125 | ₱26125 |
Fees & Charges
| One time setup | |
| Processing fee | |
| Stamp duty | |
| Disbursement & misc. fee | |
| Annual fee | |
| Other fees | |
| Penalties | |
| Early settlement | |
| Late payment charges | |
| Other penalties | |
Eligibility
| Age requirement | |
| Employment eligibility | |
| Min. salary requirement | ₱ gross per month |
| Guarantor / Collateral requirement | Yes |
Other Requirements
| Need to open linked banked account? | Yes |
| Other details |
FAQ
CEVI serves 13 cities and 13 provinces in the Philippines
Agricultural Loan – It intends to provide financial assistance to Pinoy Farmers and Swine Raisers.
Recovery Loan – Intended to restore client’s productive stocks/assets damaged or lost as a result of Typhoon Yolanda.
Yaman Loan – small-scale economic activities
Asenso Loan – developed entrepreneurs
WASH Loan – Intended for access to safe water, sanitation and health.
In 1998, CEVI was conceptualized through prayer and God’s word in response to a pressing need for livelihood among families that the World Vision Development Foundation(WVDF) was assisting in the province of Bohol. With the desire to give fullness of life to the children through empowering families and transforming communities, the WVDFinitiated income-generating projects (IGP) to help improve the economic condition of the poor people it was serving.
Contacts
| Full company name | Community Economic Ventures, Inc. |
| Address | Sarabia-Co-Torralba Building 2, Espuelas Street Cogon District, Tagbilaran City Bohol, Philippines 6300 |
| Phone number | +63 038 501 8925 |
| contact@cevi.org.ph | |
| Social networks |
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User rating
Reviews
Community Economic Ventures work to improve the quality of life in every family
I took a loan for a microenterprise through credit and insurance, thanks for the support.