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Lumenada
Lumenada S. is from the village of Salawagan, Quezon Bukidnon. She is 44 years old. Lumenada is married and has 4 school-aged children. To make a living, Lumenada owns and operates a specialized retail business. While not the only means for generating revenue, the main source of income for the business comes from selling daily use products such as corn, soft brooms and coffee in the local community. Lumenada has been engaged in her business for over 11 years and earns approximately 5,000 PHP a month for these activities.



In 20009, Lumenada joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lumenada is requesting a loan of 5,000 PHP which will be used to purchase additional products to sell. This will be the 1st loan taken out by Lumenada from HSPFI. She plans to use the additional revenue generated from the business to support the education of her children and supplement her income.



About HSPFI:



HSPFI is one of accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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
  • 1238
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 47.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Lumenada to purchase additional products to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2009
Listed
Jul 20, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009