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Josephine E. is from the village of Purok 4A, Barangay Santiago, Iligan City. She is 50 years old. Josephine is married and has two adult-aged children. To make a living, Josephine owns and operates a business venture in the retail sector running a sari-sari (variety) store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Josephine has been engaged in her business for over 7 years and earns approximately 6,000 PHP a month for these activities.

In June 2009, Josephine joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Josephine is requesting a new loan of 5,000 PHP, which will be used to purchase additional products to sell and to invest in expanding the business. This loan will be the first loan taken out by Josephine from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business and to supplement her family's income.

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
  • 299
    View loans »
    Philippines Loans Fundraising
  • $52,217,850
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Josephine to purchase additional products to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 19, 2009
Jul 2, 2009
Currency Exchange Loss:
Dec 15, 2009