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Sheila B. is from the village of Tagpangi, Cagayan De Oro City. She is 27 years old. Sheila is single and has one infant child. To make a living, Sheila owns & operates a specialized retail business selling firewood in the local community. Sheila has been engaged in her business for over one year and earns approximately 5,000 PHP a month for these activities.

In 2008, Sheila joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Sheila has successfully repaid a previous loan of 8,000 PHP from HSPFI. Sheila is requesting a new loan of 8000 PHP, which will be used to purchase additional products to sell. This loan will be the third loan taken out by Sheila from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business and 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
  • 344
    View loans »
    Philippines Loans Fundraising
  • $52,188,500
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD