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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Community Economic Ventures, Inc. https://upfinance.com/app/uploads/2020/04/Community_Economic_Ventures.png
Sarabia-Co-Torralba Building 2, Espuelas Street Cogon District, Tagbilaran City Bohol, Philippines 6300
+63 038 501 8925, contact@cevi.org.ph
Interest rate per day 0.05% - 0.11%
Loan tenure from 60 to 360 days
Approval duration Up to 240 hours

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

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Interest rates: 1.5% per month
Minimum loan amount: 1000 PHP
Payment terms: Up to 12 months
Approval time: 5 – 21 days

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Personal loan

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Interest rates: 3.3% per month
Minimum loan amount: 1000 PHP
Payment terms: Up to 36 months
Approval time: 5 – 21 days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Product Features

Min. financing amount ₱1000
Max. financing amount Up to ₱50000
Min. loan tenure 60 days
Max. loan tenure 360 days
Interest rate per day 0.05% - 0.11%
Approval duration Up to 240 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 60 days 61 days 62 days 63 days 360 days
LOAN AMOUNT ₱25000 ₱25000 ₱25000 ₱25000 ₱25000
FEE PER DAY 0.05% 0.05% 0.05% 0.05% 0.05%
INTEREST AMOUNT ₱750 ₱763 ₱775 ₱788 ₱4500
TOTAL REPAYMENT ₱25750 ₱25763 ₱25775 ₱25788 ₱29500

Other Requirements

Need to open linked banked account? Yes

FAQ

CEVI serves 13 cities and 13 provinces in the Philippines

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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.

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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.

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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
E-mail contact@cevi.org.ph
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Maria

Content manager of the website - upfinance.com. Maria is always up to date with the latest news in the banking sector. A financial consultant who helps site users find where the deposit rate is higher and in which organizations the lending conditions are more favorable.

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Reviews

10 months ago

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.

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