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Update on Ricky

This is Ricky. He previously accessed a 25,000 PHP loan that he used to purchase scrap materials needed in his business. His earnings were a big help in his personal, household, and business expenditures.

Ricky is requesting a 20,000 PHP loan to buy scrap materials. He will incorporate his loan into his current revolving fund that he uses to buy materials. His profits from his business will definitely help him to sustain his daily needs. Ricky looks forward to this financial increase with gladness and thankfulness in his heart. He hopes to grow his business in the coming years and dreams of having a good life for his family. Ricky faithfully meets up weekly with his co-fellowship members to share stories of his work and draw strength and inspiration from studying the Word of God.

* All CCT community partners/clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of 15 to 30 community partners who gather to study the Word of God, build social capital, and pay microfinance loans.

Previous Loan Details

Ricky B., 36, is making sure that his family has enough provision for their daily needs. Married to Marie Sera B., 36, a housewife, they are blessed with two children. Ricky makes sure that he helps his wife so that their family can have a better life. He has been managing his own junk shop busin... More from Ricky's previous loan »

Additional Information

About the Center for Community Transformation

The Center for Community Transformation (CCT) is dedicated to the development of communities and lives via spiritual transformation and access to financial services. CCT offers loan products to address the needs of micro-entrepreneurs in the Philippines. The organization’s loan products include small business, education, and housing loans. CCT utilizes a community-based approach to provide a variety of non-financial services that include training and development programs, clinics, disaster relief operations, a low-cost medicine program, and social service programs. CCT offers a unique “Pavement Dweller” program designed to provide food, housing, and job training. CCT also provides education support services to the poorest groups in the Philippines. Find more information about CCT on their website or join their lending team.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Philippines

  • $7,000
    Average annual income
  • 746
    View loans »
    Philippines Loans Fundraising
  • $63,295,350
    Funds lent in using Kiva
  • 41.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Ricky to buy scrap and junk items such as plastics, cans, bottles, papers, and cartons to resell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Sep 5, 2012
Sep 17, 2012
Currency Exchange Loss:
Jan 15, 2013