Professional Documents
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CEVI Annual Report FY 2010
CEVI Annual Report FY 2010
A DECADE OF TRANSFORMATION
Ten years ago, there
was one man, who
believed that the poor is
bankable. So, he started a micro
finance organization, which offers
small loans to the poor in rural and
urban communities.
Ernesto Macabenta former Executive
Director of Community Economic Ventures
Inc. (CEVI) officially established the
organization in August 2000. His advocacy on
empowering the poor continues to surge in the
blood of his former colleagues and to every vein
of the current CEVI employees.
Under his leadership, the CEVI has achieved
sustainability and able to promote transformation
in the lives of the people it served.
The Road Towards Growth
Despite the global financial crises and economic
downturn in the past, CEVIs operations remain
steadfast and stable. Based in Bohol, the CEVI
continues to grow in
size with 26
branches, 234 employees and
more than 34,000
clients
nationwide.
Indeed, there is a
transformation that is
going on. Some of our
clients have testified how
their lives have changed as they
grow their business through CEVI.
And this transformation wont be
possible without the people who gave
their commitments, time and dedicated
service, to uphold its beautiful cause.
About the Cover
The person in the cover page is Marijen
Constantino, who is currently in her 5th cycle
as a CEVI borrower. Marijen is from the town
of Dauis. She is 32 years old, married and has
5 children.
To make a living, Marijen owns & operates a
fishing business. While not the only means for
generating revenue, the main source of
income for the business comes from
operating a fishing boat to catch and sell
assorted fish to the market. Marijen has
been engaged in her business for over 4
years.
Marijen joined CEVI to gain access to
financial services to help improve
her living situation and ability to
engage in business activities.
ABOUT CEVI
The Community Economic Ventures, Inc. (CEVI) is a
Christian, non-stock, non-profit, non-government
organization. It is organized to respond to the
needs of micro-entrepreneurs engaged in
trading, manufacturing and service-type
businesses through provision of financial and
technical assistance.
Aimed at developing sustainability and
alleviating poverty, CEVI provides small
businesses a better alternative to access credit,
build-up capital and generate savings. CEVI also
extends appropriate consultancy services and
trainings to its clients.
A partner of VisionFund International (VFI) and World Vision Development Foundation
(WVDF), 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.
SOCIAL MISSION
Serve the economically active poor by providing appropriate & quality microfinance
products & services to help their business.
SCOTT BROWN
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Eduardo C. Jimenez
Microfinance Consultant of the Bangko Sentral ng Pilipinas
Eduardo C. Jimenez is presently working as Microfinance Consultant of
the Bangko Sentral ng Pilipinas. Looking at policy issues affecting the
practice of microfinance in the banking sector, he is also the Housing
Microfinance Consultant of the Asian Development Bank. Mr. Jimenez
has previously worked as consultant of United Nation (UN) and other
UN attached agencies.
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Liberty B. Rigor
Program Group Manager
Liberty Rigor is World Visions Program Group Manager since 1995. She is a
Certified Public Accountant. Prior to her present position, she has worked as
Regional Coordinator, Chief Accountant and Semi-Senior Auditor in World
Vision Manila area.
Remedios N. Geraldes
ADP Program Quality Specialist for WVI-Asia Pacific Region
Remedios N. Geraldes is an ADP Program Quality Specialist for World Vision
international Asia Pacific Region since 2003. She provided support to the
improvement of transformational programming through the implementation
of Transformational Development Indicators, building capacities for design,
monitoring and evaluation of programs and facilitates intentional learning
for quality. She has been into different roles and responsibilities prior to her
present position in World Vision.
Ardy Roberto
Chairman Salt and Light Foundation
Ardy Roberto aside from being an author, he is also a producer of international
award-winning seminar. He is a co-founder and CEO of Salt & Light Ventures,
Inc. Mr. Roberto have won many local and international awards for his
seminars.
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CEVI
conducted
a
Social
Performance Assessment on Child WellBeing Outcomes last October 2010. Data
were gathered through FGD using the
CERISE SPI tool.
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ORGANIZATIONAL GOVERNANCE
AND STAFF WELL BEING
Management
Strengthening
Program implemented. A total of eight staff
has enrolled a postgraduate study for staff
development and well-being.
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JULIET R. ALMEDILLA
CEVI Finance Manager
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CEVI employees and Boris Joaquin, WVDF Director of Publics in Ministry during Exceeding
Customers Expectations Seminar
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Shella Gumaod Dellosa, CEVI Social Performance Officer received the award during Beyond
MicroCredit Conference in Davao City.
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L-R, MorrisonHendrik Riwu Kore, Ruby Jane Alcantara, Shella Dellosa, Kaajal Laungani,
Florideck Pajarillo, Orlando Ducay Jr. during Asia-Pacific Conference in Manila.
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Jemimah
Muturi,
VisionFund
International Director of Corporate
Governance was the resource person
of the training. This is the first time that
the VFI has conducted joint Board
Development Training for CEVI and VFI
Indonesia.
The Board has appreciated the training
and believed that the knowledge that
they gained can usefully supplement
its ability for better governance in the
organization.
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CEVI offers four loan products catering to economically active poor namely Yaman, CROP,
BABE and Asenso loan. Yaman loan product that targets micro-entrepreneurs involved in
trading and commerce has covered 46.78% of the portfolio that is offered in almost all of the
branches nationwide. Crop Loan on the other hand is second, 42.86% that targets microentrepreneurs involved in farming.
The Asenso Loan, which targets the small and medium scale entrepreneurs, existing or new
clients with greater need of capitalization in their businesses is 7.73% in terms of portfolio.
While BABE Loan in Bais, Estancia, and Sara Ilo-ilo that targets micro-entrepreneurs involved
in hog raising is 2.63%.
SOCIAL PERFORMANCE
Women Outreached
Children Impacted
89%
102,535
55,000
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GLENN C. ANCIANO
CEVI Area Manager Visayas 1
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Water is Everything
Water is life, without it, we will not survive. While
most of us have enjoyed the abundance of
water in our homes, there are places in the world
where people have poor access of potable
water.
Camdas, Elnonok Banga, South Cotabato in
Mindanao is an upland area, which is blessed
with diverse vegetation. Farmers have grown
rice, corn, bananas, coconut and rubber tree
to support their families. They also grow cows,
goats, carabao to be able to supplement their
income. The community lacks resources of
potable water.
Emelina Diaz, 50 years old farmer has utilized her
two succeeding loans from CEVI to build a water
tank. Her loan of 150,000PhP has provided clean
drinking water to more than 50 households in her
community including the local school and
barangay center. From her business, she earns
enough income to buy the family basic needs.
She has four children. Three of which have
graduated in college and the other one is still
fourth year high school. She plans to fund the
education of her youngest child with the
additional income that the loan will provide. In
the future, she hopes to continue expanding her
business and to take advantage of other income
opportunities.
I will not thirst and I will ensure that my family
will have enough clean water to drink and use
in performing the daily chores in our home, she
said. Water is important to us and without clean
water, our families would die and would go
thirsty, she added.
In addition to water, Emelina also started a farm,
which has a size of eight hectare. She grows
cows, goats, corn and coconuts. With this, she
employed four farmers, a native called Tboli
in South Cotabato to work in her farm. By doing
this, she was not only expanding her business but
also able to generate employment.
I love doing what I do now. I manage a business
and at the same time help my fellow farmers
have their own livelihood. This shows of my
purpose, which is to help every families in our
community and be able support my family.
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MADELINE M. GUIBAO
CEVI Human Resource Manager
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