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Gilmor
Gilmor P. runs a sari-sari (variety) retail shop selling a variety of products like canned goods, bread, coffee, milk and firewood. He is 42 years old, married and has three school-age children. They are from the town of Barra, Opol , Misamis Oriental. Gilmor has been in this business for over three years and earns approximately 5000 PHP a month.


In 2007, Gilmor joined HSPFI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Gilmor has successfully repaid a previous loan of 15,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell. Gilmor is requesting a new loan of 18,000 PHP which will be used to invest in expanding the business. This will be his sixth loan from HSPFI. He plans to use the additional revenue to supplement the income of his family and to support the education of his children.


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
  • 304
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 48.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Gilmor to invest in expanding a sari sari store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2009
Listed
Jun 25, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010