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Laureta
Laureta M. is from the village of Tumpagon, Cagayan de Oro City. She is 65 years old, is widowed, and has eight adult children.

Laureta owns and operates a sari-sari (variety) retail shop, selling both food and daily use products in the local community. She has been engaged in her business for over a year and earns approximately 2,000 PHP a month.

In 2008, Laureta joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 11,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell.

Laureta is requesting a new loan of 14,000 PHP which will be used to purchase new items to expand her product offering. This loan will be her 4th from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her 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, Kiva created this template for our Field Partner 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
  • 247
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Laureta to purchase new items to expand her product offering.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2009
Listed
Aug 24, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010