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Rosalie
Rosalie C., from the village of San Simon, Cagayan de Oro City, is a 35-year-old married mother of three school-aged children. To make a living, Rosalie owns and operates a sari-sari (variety) retail shop whose main source of income comes from selling a variety of products in the local community. Rosalie has been engaged in her business for over two years and earns approximately 5000 PHP a month.



In 2007, Rosalie joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having fully repaid a previous loan of 11000 PHP from HSPFI that was used to purchase additional products to sell, Rosalie is requesting a new loan of 11000 PHP to purchase new items to expand product offering. This loan will be her fourth from HSPFI, and she plans to use the additional revenue generated from the business to improve/expand the business.



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
  • 1162
    View loans »
    Philippines Loans Fundraising
  • $54,856,275
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Rosalie to purchase new items to expand product offering.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2009
Listed
Jul 24, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010