Check out some available loans that are similar to this one!
Ruel

Update on Ruel

This is Ruel. He previously accessed a 20,000 PHP loan that he used to buy supplies like wiring, putty paint, tint and other materials needed in an auto repair shop. His earnings were a big help for the education of his children and in their personal, household and business expenditures.

He would like to apply for another 20,000 PHP loan to buy supplies like wiring, putty paint, tint and other materials needed in an auto repair shop. His profits from his business will definitely help him to sustain their daily needs and educational expenses of his children. He looks forward to this financial increase with gladness and thankfulness in his heart.

Ruel dreams to expand his business and hopes that his children will finish their education. He meets up with his co-fellowship* members every week to share stories of his life and business, and finds strength and inspiration from the Word of God he studies.

* All CCT community partners/clients are organized into fellowship groups composed of 15 to 30 community partners. The fellowship groups gather each week to study the Word of God, build social capital, and pay microfinance loans.

Previous Loan Details

This is Ruel, 31, a resident of Dasma, Cavite Philippines. He is married to Elizabeth, his business partner and he is a father to their children. By the grace of God, he has managed to support all his children’s educational needs. At the present time, he is working hard to be able to maintain his... More from Ruel's previous loan »

Additional Information

More information about this loan

On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More 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

  • $1175
    Average annual income
  • 1360
    View loans »
    Philippines Loans Fundraising
  • $56,534,775
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Ruel to pay for supplies like wiring, putty paint, tint and other materials needed in an auto repair shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013
This photo was used before for a previous loan for Ruel. It was first posted on Kiva on Feb, 2013. Learn More