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This is Ricafort, 48, a resident of Manila, Philippines. He is married to Lucia and a father to her children. He and his wife manage their own household while also operating the business. At this time, he is working hard to continually provide income for his everyday expenses.

Ricafort operates a business buying and selling cars. What he basically does is buy second-hand cars from sellers, then he upgrades or repairs them and sells them for a profit. Cars can range from lower-end to updated models. Customers are attracted to buy due to the fair selling prices he offers. His regular customers are people who wanted to acquire a vehicle in their local community. Ricafort earns a minimum of PHP 10,000 in sales every month.

To help him continue operations of his business, Ricafort is requesting a PHP 50,000 loan. He will be utilizing the loan to do repairs and upgrades on cars that he buys. He expects a boost in his business income as he expands his business. Ricafort dreams of expanding his business in the coming years. He faithfully meets up with his co-fellowship members to share stories of his work every week, and it 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 pay micro-finance loans.

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.

About Philippines

  • $7,000
    Average annual income
  • 459
    View loans »
    Philippines Loans Fundraising
  • $69,741,450
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Ricafort to pay for second-hand cars in his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 14, 2012
Oct 16, 2012
Currency Exchange Loss:
Apr 17, 2013