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Melenda S. is from the village of Pigsag-an, Cagayan De Oro City. She is 25 years old. Melenda is married and has 1 infant-aged child. To make a living, Melenda owns and operates a business venture in the retail sector running a sari-sari (variety) retail shop. The primary--but not only--source of income for this business comes from selling a variety of different products to the local community. Melenda has been engaged in her business for over 1 year and earns approximately 10,000 Philippine pesos (or about $250 US) a month from these activities.

In 2009, Melenda joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Melenda is requesting a loan of 5000 pesos (or about $125) which will be used to purchase additional products to sell. This loan will be the first loan taken out by Melenda from HSPFI. She plans to use the additional revenue generated from her business to supplement her family's income.

About HSPFI:

HSPFI is one of 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

  • $7,000
    Average annual income
  • 805
    View loans »
    Philippines Loans Fundraising
  • $63,360,225
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Melenda to purchase additional products to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 9, 2009
Jul 17, 2009
Currency Exchange Loss:
Dec 15, 2009