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Giovanne T. sells soft drinks and other beverages in the MOGCHS school canteen. He is 29 years old, separated from his spouse and has two school-age children. He is from the village of Gusa, Cagayan de Oro City. Giovanne has been in this business for over three years and earns approximately 7000 PHP a month.

In 2009, Giovanne joined HSPFI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Giovanne is requesting a loan of 5000 PHP which will be used to invest in expanding the business. This will be his first loan from HSPFI. He plans to use the additional revenue to support the education of his children and provide for the needs of his 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, Kiva created this template for our Field Partner 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

  • $7,000
    Average annual income
  • 1807
    View loans »
    Philippines Loans Fundraising
  • $60,919,225
    Funds lent in using Kiva
  • 48.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Giovanne to invest in expanding a food business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 22, 2009
Jun 19, 2009
Currency Exchange Loss:
Nov 15, 2009