Valentines is definitely in the air and during the celebration of the Valentines season, here is our Valentines treat for you, the CEVI Newsletter for the first quarter of 2012.

As we closed out the 1st quarter of the year, we would also like to officially release our 2nd volume of the CEVI Newsletter with additional feature about Staff, Operations and Social Performance Management updates.

Starting this year, CEVI Newsletter will be managed by the Executive Department and will be out regularly on the months of February, April, July, and October.

We encourage your participation by sharing to us significant client stories and the activities that were implemented, which you think have caused major changes and impacts to families and communities we are serving.

If you are looking to become more involved through writing, sending more photos, or both, please contact us and let us hear from you. We need you and your resources.

Come and join us today!

Welcome!

In this issue:2. Meet the Senior Management3. Executive Corner4. News...6. Operations Updates7. SPM Updates8. HR Updates Crossword Puzzle

Volume 2Issue 1

Message from the Executive Director

Greetings!

In the first quarter of the year, CEVI has delivered a slight increase in terms of the number of families availing of its microfinance services. From 37,233 families from the fiscal year-end of 2011, it has increased to 37, 470 families within the 13 provinces and cities across the country. Our financial performance during the first quarter has also remained solid and we have an increased portfolio of PhP 206,292,175.22 despite of a significant climb of our Portfolio At Risk.

We are grateful of these achievements including the two important recognitions we received this year. The Islamic Microfinance Certification last October 2011 given by the Sharia’h Council of the Philippines that certified the CEVI Islamic Compliant Product for Muslims in Mindanao, And the Transparency Certification and Seal last December 2011 given by the MF Transparency that also recognized the CEVI as a transparent microfinance institution in the country.

With all of these accomplishments, my gratitude belongs to all of you and to the World Vision Development Foundation (WVDF) and Vision Fund International (VFI) who contributed to the success of our organization. For without all your support, much of what we do would simply not be possible.

Indeed, God never fails to strengthen our organization because He is always the source of our accomplishments.

God Bless!

Warmly,

JONAR B. DORADO

2

3

MEET THE SENIOR MANAGEMENT

The Operations Manager is one of the people who is behind to the CEVI’s growth since 2001. He has initiated the implementation of the Group Expanded Methodology or GEM, which has significantly increased the CEVI’s total number of outreach and at the same time maintained the viability of CEVI Operations nationwide.

The Social Performance and Integration Manager is a champion when it comes to integrating the Social Performance Management to the CEVI Operations. He is one of the pioneering staff of CEVI, who is also behind to the growth of the organization since its inception in the year 1998. Under his leadership, the Christian Witness Initiative in CEVI was born and at the same time the Client Protection Program was established.

She is one of the pioneering employees of CEVI, who made great contributions to the organization since 1999. She has a deep experience in Finance and is presently taking a new responsibility in the organization as an Administrative Manager. Through her excellent leadership, she was able to introduce and establish the IPAS and Sun System to the organization.

She is presently the Officer–in-Charge of the Finance Department. She has delivered significant contributions to the organization since 2003. Prior to her new designation, she has also taken several roles related to Finance. She has also contributed to the installation of the Integrated Project Accounting System (IPAS) in the CEVI branches.

The Human Resource Manager is a team player and has a broad understanding and background in Human Resource Management. She has recently completed her Masters Degree in Business Administration and competently managed the CEVI Human Resource Department since 2006. Adept in authoring HR policies, she has also made great contributions to the organization especially in the establishment of the CEVI’s HR System and Retirement Plan.

The present IT Manager of Community Economic Ventures Inc. has a wide experience when it comes to facilitating development process, establishing network/collaboration, and training of leaders, managing sponsorship business processes, systems and database. Prior to his current designation in CEVI, he worked as a Management Information System Support Specialist to World Vision Development Foundation.

The Executive Director of Community Economic Ventures Inc. (CEVI) is a Certified Public Accountant with extensive experience in Grant Management Human Resource, Finance and Administration. In the year 2010, VisionFund International (VFI) recognized him as one of the most performing CEOs in the VFI Network, a microfinance subsidiary of World Vision International (WVI) with 43 affiliated countries including the Philippines. Prior to his current designation as Executive Director, he has also taken several roles in the organization. Thus, he always provides strategic direction and support to the organization in order to achieve sustainability and growth.

EDWIN P. CRESCENCIO

JULIET R. ALMEDILLA

MARILOU M. DE LA PAZ

GAUDIOSO B. CALIBUGAN

MADELINE G. SINFUEGO

NOEL M. CAÑETE

JONAR B. DORADO

Operations Manager Administrative Manager

OIC - Finance Manager

I.T. ManagerH.R. ManagerS.P.I. Manager

Executive Director

Executive Corner

the CEVI’s application and operations of Islamic Microfinance Acceptable Investment Window for Muslims in Mindanao, which complies with the principles of the Islamic religion.

CEVI received the certificate last October 11, 2011 in Davao City.

4

5

CEVI 12th Annual General Membership Meeting

Members of the CEVI Assembly received a token of appreciation after the 12th Annual General Membership Meeting.

Members of the CEVI Assembly convened last December 2, 2012 at the Flushing Meadows Resort in Dauis, Panglao Island, Bohol.

CEVI RECEIVES TRANSPARENCY AWARD

Every year, the MFTransparency, a global initiative for transparent pricing of the microfinance industry provides recognition to Microfinance Institutions, which demonstrated strong commitment to have a transparent microfinance market in the Philippines.

This year, CEVI has received its transparency seal from MF Transparency, which is valid only between the dates specified: December 2011-December 2012. After that period, the CEVI will update its data with MFTransparency to get a new seal. The updating of data on the other hand will be done annually but CEVI could also update its price any time that it will make changes in its pricing structure.

“As we implement our operations, we truly ensure that our clients are well informed on the charges and fees incurred in all our products and services”, said Jonar B. Dorado, CEVI Executive Director.

On February 24-25, 2012, the Community Economic Ventures, Inc. (CEVI) will be sending medical doctors, medical technologists and dentists from different medical institutions in Manila to Bohol to conduct a 2-day free dental and medical clinic.

Specifically, the activity will be held in the island municipality of Pres. Carlos P. Garcia, which will benefit more than 2500 families.

Private and Public institutions are welcome to take part of this charitable project of CEVI to co-sponsor and provide medical supplies and other things needed for the dental and medical clinic.

Also expected to participate are the LGU officials of Carlos P. Garcia and employees of CEVI in Visayas I Area and Head Office.

Once again, the Community Economic Venture Inc. (CEVI) has made another milestone in its history after it received a certification from the Sharia’h Council of the Philippines regarding its implementation of the Islamic Compliant Microfinance Services in the Philippines.

The certificate recognizes

CEVI ISLAMIC COMPLIANT MICROFINANCE SERVICES

CEVI TO CONDUCT MEDICAL AND DENTAL CLINIC

NEWS___The CEVI 12th Annual General Membership Meeting took place at the Flushing Meadows Resort in Dauis Panglao Island Bohol last December 2, 2011.

Elnora Avarientos, Florelyn Tiu, Rommel Caringal, Eduardo Jimenez, Gregorio Austral, Danilo Lucero, and Rolly Solidum are the current Board of Trustees of CEVI. Ms. Elnora Avarientos was elected as President; Eduardo Jimenez as Vice-President; Florelyn Tiu as Secretary; Danilo Lucero as Treasurer and Gregorio Austral as Assistant Treasurer.

Mr. Rolly Solidum has replaced Mr. Eduardo Roberto Jr. and would serve as a Board of CEVI for three-year terms.

On the other hand, Mr. Eduardo Jimenez was appointed to chair the Governance and Nominating Committee, Mr. Rolly Solidum for the Risk and Audit Committee, and Atty. Gregorio Austral for the Retirement Fund Committee.

The next Annual General Membership Meeting will happen on December 7, 2012.

Clients per Area Distribution for December 2011

LUZON18%

VISAYAS 124%

VISAYAS 2A11%

VISAYAS 310%

VISAYAS 4/2B5%

MINDANAO 116%

MINDANAO 216%

Sept. 2011Oct-11

Nov-11

Dec-11

CEVI

205,874,825.79

202,871,379.85

201,920,484.41

206,292,175.22

199,000,000.00

200,000,000.00

201,000,000.00

202,000,000.00

203,000,000.00

204,000,000.00

205,000,000.00

206,000,000.00

207,000,000.00

Am

ount

Month

CEVI Loan Portfolio for 1st Qtr FY '12

Sept. 2011Oct-11

Nov-11Dec-11

16,384,005.13 17,635,888.5819,160,676.12

21,484,087.81

0.00

5,000,000.00

10,000,000.00

15,000,000.00

20,000,000.00

25,000,000.00

Am

ount

Month

CEVI PAR >1 DAY

Loan Portfolio

During the first quarter of 2012, the total Loan Portfolio of CEVI has decreased from Php PhP205,874,825.79 to PhP202,871,379.85 and PhP201,920,484.41 during the months of October and November, respectively. However, during the month of December, the CEVI has regained its loss and achieved a total Loan Portfolio of PhP206,292,175.22.

Operational Self Sufficiency

During the months of October and November, the Operational Self Sufficiency (OSS) of CEVI demonstrated an increasing trend. Based from the September 2011 data, the OSS is equivalent to 103% only. The OSS has increased to 110% during the month of October and 123% during the month of November. On the other end, the December 2011 data show a decrease of OSS to 114%.

PORTFOLIO AT RISK

From September 2011 data, the Portfolio At Risk (PAR) of CEVI demonstrated an increasing trend. The Portfolio At Risk has an increased of over 5 Million during the first quarter of 2012.

Outreach

The CEVI has a total of 37,470 clients as of December 2011. Based from the chart, the greatest concentration of CEVI clients is seen in Visayas 1 Area while the least number of CEVI clients is seen in Visayas 4 Area, which only has two branches.

Overall Poverty Distribution has increased.

The Poverty distribution for new clients as of December 2011 is 58% below the $2.50/day/PPP, 39% below the national poverty line, 22% below the $1.25/day/PPP and 17% below the USAID ‘Extreme” Poverty line.

CEVI is consistent in increasing the percentage of new clients or recruits that are below a certain poverty brackets, which may mean that staff took priority on recruiting poorer clients.

Exit Clients

Using the exit survey, a total of 1734 exit was recorded, which represents 66% of the total exits reported in the Statistical Report. Of these results, it was identified that the highest rate was in Isabel Branch posting 24%. Upon looking at the exits per cycle, 450 or 26% was in the 2nd cycle, 385 or 22% in the 1st cycle, 328 or 19% in the 3rd cycle, 261 or 15% in the 4th cycle.

Over all exit rate for the quarter as computed using the MIX formula, is 7% (93% retention rate), having a 2.2% difference compared to the target of not more than 20% or 1.6% per month. The reasons for leaving are: Experiencing difficulty in business, which is equivalent to 51%. Repayment problem, 20%. Experiencing difficulty in personal life, 9%. Cannot attend the meeting, 7% and No need for additional capital is 6%.

Tracking Progress of Repeat Clients

CEVI has also tracked the progress of Repeat Clients in some of its branches in Baybay, Brookes, Hilongos, Isabel, Moalboal, Surallah, Trinidad, Ubay, Zamboanga, Bais, Dulag, Jagna, Puerto, Roxas, Talibon and Trento during the first quarter of 2012. Based from the results, there is a steady decrease in the poverty rate as the cycle progresses.

Children in School

Using further indicator, it was also found out that of the 2,744 households, 59% or 1,611 were able to send children to school, 21% or 579 were not and 20% or 554 do not have school-aged children.

Poverty Distribution by Product Type

Among the four loan products, BABE (Baboy Alay sa Bukas at Edukasyon) has the highest percentage of poor clients with 69% below the $2.50/day/PPP. Yaman Loan (Kayang-kaya Pag Sama-sama) comes next with 60%. Then Crop Loan (CReating Opportunities for Pinoy Farmers) with 54% and lastly Asenso (“Sama Tayo sa Pag-Asenso”) with 5% only.

Poverty Distribution by Area:

Of the seven areas of CEVI, the Area 2, which is composed of Sara, Balasan and Zamboanga branches have the highest percentage of poor clients, which is 68% below the $2.50/day/PPP. On the other end, the least percentage of poor clients is seen in Area 7 , Surallah, Isulan and Gensan branches, which is equivalent to 33% below the $2.50/day/PPP.

Poverty Rate BNPL

31%

32%

33%

34%

35%

36%

37%

38%

39%

40%

1st QTR FY 11 2nd QTR FY 11 3rd QTR FY 11 4th QTR FY 11 1st QTR FY 12

Quick StatisticsTotal New clients: 2,866

New Clients assessed: 2,744

% of clients assessed: 96

No. of Branches: 28

Repeat Clients assessed: 1,305

Poverty Rate BNPL

6

7

Sept. 2011Oct-11

Nov-11Dec-11

103%

110%

123%

114%

90%

95%

100%

105%

110%

115%

120%

125%

Perc

enta

ge

Month

CEVI OSS for 1st Qtr. for FY '12

Field Staff Ratio 68 %

Field Staff (BMs and EDOs)

198

Total No of Staff291

8

3

2

10

1

5

14 9

13

6 4

18 11

16 7

15

17 12

125 45

217

3

291

0

50

100

150

200

250

300

Contractual Trainee Probationary Regular SecondedEmployee

TOTAL

Number of Staff as of December 2011

HUMAN RESOURCEUPDATES

Across:1. The husband’s love for the wife is a

symbol of Christ’s love for the?3. What was the name of Abigail’s first

husband? 4. Samson loved Delilah so much that

she persuaded him to tell her the secret of his?

6. Moses meet his future wife at a well in the land of?

7. Who told his wife not to worry that she was barren and said, “am not I better to thee than ten sons”?

10. The restriction on marriage for the daughters of Zelophehad is they must marry within their?

12. How does Paul describe marriage in Hebrews? (KJV)

14. What was the name of Ruth’s second husband?

15. What does Paul say is the greatest?

17. What was the occupation of Hosea’s wife?

Down:1. Paul become friends with

Aquila and Priscilla, the married couple from?

2. What was the name of Abraham’s wife?

3. According to Jesus, the two most important people to love: God and your ________? (KJV)

5. Which of his wives did Jacob love the most?

8. David saw Bathsheba take a bath, and saw she was beautiful. He was in love with her to the extent that he was prepared to commit?

9. Shechem, the prince who fell in love with Dinah, daughter of Jacob, were slain by Dinah’s _________?

11. Isaac’s wife was chosen when his father sent a servant back to Mesopotamia to choose a wife from his own _______?

13. Paul’s command to husbands in his letter to the Colossians is to love your wives, and do not be ______ towards them.

16. In the love poetry in Song of Solomon, the lady’s hair was described as a flock of?

18. Who did Amnon love, and then hate even more than he had loved her?

CROSS____???WORD

As of December 2011 data, the CEVI has a total of 291 employees across the Philippines, which is composed of 217 regular employees, 3 seconded employees from World Vision Development Foundation, 45 that are under probationary period, 25 trainees, and one contractual employee.

As of the First Quarter of 2012, the field staff ratio is equivalent to 68%. CEVI has a total of 198 field staff and 93 support staff.

puzzle

Announcing the winners of our Trivia Puzzle last July 2011 issue. To claim your prize, please contact Mr. Jonathan Neri.

Evangeline Dante 1st PrizeMarjorie Lesula 2nd Prize Please print this sheet and send

your answer to this e-mail address: jonathan_neri@wvi.org