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Update on Ariel

This is Ariel. He previously accessed a 12,000 PHP loan that he used buy more fruits and vegetables. His earnings were a big help in their personal, household and business expenditures.

He would like to apply for another 10,000 PHP loan for him to purchase more fruits and vegetables needed in his business. His profits from the business will definitely help him to sustain his daily needs and the educational expenses of his children. He looks forward to this financial increase with gladness and thankfulness in his heart.

Ariel dreams of a successful and comfortable life for his family. He wants to give his children a good and quality education. He meets up with his co-fellowship* members to share stories of his work every week, and this is where he can also draw strength and inspiration from the Word of God he studies.

* 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. The fellowship groups gather each week to study the Word of God, build social capital, and repay microfinance loans.

Previous Loan Details

This is Ariel, 26, resident of Tanza, Cavite City, Philippines. He is married to Arlene, a vendor and they have children. He and his wife are managing their own household while operating the business. At this time, he is working hard to continually provide income for their everyday expenses. A... More from Ariel'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
  • 1864
    View loans »
    Philippines Loans Fundraising
  • $61,001,400
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ariel to pay for more varieties of fruits and vegetables needed in his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 14, 2014
Aug 25, 2014
Currency Exchange Loss:
Mar 17, 2015
This photo was used before for a previous loan for Ariel. It was first posted on Kiva on Jun, 2014. Learn More