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 1.5% - 3.3%
Loan tenure from 1 to 36 months
Approval duration Up to 240 hours
Min. monthly income1

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 loan

Personal loan

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

Calculate loan

 

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 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
E-mail contact@cevi.org.ph
Social networks

User rating

Reviews

2 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.