Check out some available loans that are similar to this one!
Melanie
Melanie P., age 24, makes a living primarily from buying raw bananas, coconut fruits and other agricultural products from neighboring village and selling to the local community. Melanie is married and has two small children. They are from the village of Pigsag-an, Cagayan de Oro City. Melanie has been in this business for over two years and earns approximately 3,000 PHP a month.


In 2008, Melanie joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Melanie has successfully repaid a previous loan of 8,000 PHP from HSPFI. This previous loan was used to to invest in expanding the business. Melanie is requesting a new loan of 11,000 PHP which will be used to buy more products to sell. This will be her third loan from HSPFI. She plans to use the additional revenue to supplement the income of her family.


About HSPFI:
HSPFI is one of the accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and is reaching out to the poor households of Northern Mindanao.


Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, we created this template for our field staff to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About Hagdan Sa Pag-uswag Foundation, Inc.

Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI) is a non-governmental development organization founded in 1987 to promote Christian values through microfinance services in the Philippines. It partners with Opportunity International and the Mindanao Microfinance Council among others, and offers a range of business and community development services, including savings and insurance programs in addition to lending.

About Philippines

  • $1175
    Average annual income
  • 307
    View loans »
    Philippines Loans Fundraising
  • $52,105,400
    Funds lent in using Kiva
  • 47.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Melanie to invest in expanding a retail business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2009
Listed
Jun 14, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010