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Community Economic Ventures

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About lender

Community Economic Ventures, Inc. (CEVI) operates to provide individuals with support for living their lives to the fullest. As a sustainable microfinance organization, CEVI's objective is to follow the course of encouraging change in the lives of disadvantaged families and communities via the provision of suitable microfinance services with value formation, training, and counseling.

CEVI was founded in 1998 as a micro-enterprise development program and was incorporated in 2000 as a non-stock, non-profit, non-governmental organization. CEVI has provided microfinance services in 16 provinces and 13 cities around the Philippines since its start, with a total of 30 branches.

CEVI began as a micro-enterprise development initiative with the goal of providing more dynamic and sustainable projects. CEVI is a Christian organization that incorporates value formation into its financial and technical agendas to help microentrepreneurs in trading, manufacturing, agricultural, and service-type companies.

The social aim of CEVI is to support the economically active poor by offering relevant and quality microfinance products and services to assist their growth. CEVI has helped thousands of families improve their life by giving better options to access credit and create capital, micro-insurance, and savings. The company also provides consulting services and training (Credit Plus Education Program).

Pros and cons

Although the company acts as a social welfare organization, it is important to assess all its advantages and disadvantages. This will allow you to make a sensible decision before opting for a loan.

Pros

  • The company offers low-interest loans.

  • Unlike many business financing lenders, CEVI won’t pull your credit score or look at how long you’ve been in business.

  • Once you receive a CEVI loan, you can use the funds for just about any business expense.

  • When you utilize the CEVI lending platform, you’re not limited to one loan option.

Cons

  • You won’t receive any loan amount unless you promote your campaign and generate enough interest to meet your funding goal.

  • Depending on the size of your small business loan, CEVI will require you to secure loans from between 5 and 35 people you know.

  • Compared to other business financing lenders who offer loans for millions of pesos, CEVI loans only go up to ₱50,000.

  • Even though you won’t pay interest on lender funds, you will be on the hook for interest to local Field Partners if they’re involved in your loan.

Loan conditions

CEVI crowdfunds loans for borrowers that are frequently financially excluded and lack access to alternative fair and affordable sources of credit. Depending on the kind of loan, either a local field partner or the borrower submits the loan data into the system. CEVI's volunteer network then edits and translates loans before they go live on the Internet for lenders to crowdfund.

Funding a loan

Borrowers on CEVI come from a variety of businesses. They might be farmers, artisans, students, retailers, construction workers, or restaurant proprietors. Many CEVI borrowers work numerous jobs in order to support their families. CEVI field partners and trustees assist in the identification and screening of applicants whose loans will be crowdfunded on CEVI.

Individual CEVI lenders do not get interest on loans they fund through CEVI. The company does not charge borrowers major interest, but it does charge certain field partners minor service fees in conjunction with the cash they earn on CEVI's website. CEVI carefully evaluates and analyzes each relationship to ensure that lender support allows partners to serve more borrowers at reduced costs across the board.

CEVI offers short-term business loans of up to ₱50,000 with repayment terms ranging from three and 36 months. The greatest benefit of a CEVI loan is that it comes with a 0% interest rate.

Other loans provided by CEVI include:

  • Agricultural loan. This loan is intended to provide financial assistance to Pinoy Farmers and Swine Raisers.

  • Recovery loan. This is intended to restore clients’ productive stocks/assets damaged or lost as a result of Typhoon Yolanda.

  • Yaman loan. This is intended to support small-scale economic activities

  • Asenso loan. This loan is good for developed entrepreneurs who want to support their businesses.

  • Wash loan. This loan is intended for access to safe water, sanitation, and health.

CEVI

FAQ

What is CEVI?

CEVI, or Community Economic Ventures, (a microfinance NGO) Inc., is a Christian, non-profit, non-governmental organization formed to meet the needs of existing and aspiring micro-entrepreneurs. CEVI provides adequate microfinance services with financing including an education program in ADP regions under World Vision Philippines (WVDF). CEVI is a member of VisionFund International's global network (VFI).

Who owns CEVI?

Community Economic Ventures, (A Microfinance NGO) Inc. is a Christian, non-stock, non-profit, non-government organization that has been officially accredited by the Securities and Exchange Commission.

How do you qualify for CEVI?

All field partners must provide leadership information, financial documentation, and detailed plans for using CEVI’s capital for loans with high social impact. Partners who post more loans submit additional documentation and a CEVI analyst conducts an on-site visit to conduct interviews with leadership, management, and borrowers.

How much can you borrow from CEVI?

The loan approval amounts at CEVI range from ₱1,000 up to ₱50,000.

Is CEVI a legitimate company?

Yes, CEVI is registered with the Security and Exchange Commission as a non-stock, non-profit organization focused on microfinance. It is also a member of the Microfinance Council of the Philippines (MCPI) and is accredited by the Microfinance NGO regulatory council and SMART certified (Client Protection Certification).

What is the minimum amount you can apply for a loan in CEVI?

The minimum loan amount offered by CEVI is ₱1,000.

What is the maximum amount you can apply for a loan in CEVI?

The maximum amount offered by CEVI for a loan is ₱50,000.

What is the longest loan term offered by CEVI?

The longest loan term offered by the company is 360 days.

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

Financial products

Community Economic Ventures
Loan
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
₱50,000
Community Economic Ventures
Loan
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
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1000
₱50,000

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