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Vicky
Vicky A. is from the village of Pigsag-an, Cagayan de Oro City. She is 36 years old, and is married with six school-aged children. To make a living, Vicky owns and operates a clothing business. The main source of income for the business comes from peddling new clothes to local community members. Vicky has been engaged in her business for over seven years and earns approximately 4,000 PHP a month from these activities.


In 2008, Vicky joined Kiva partner, HSPFI, to gain access to financial services to help improve her living situation and ability to engage in business activities. Vicky has successfully repaid a previous loan of 7,000 PHP from HSPFI. She is requesting a new loan of 10,000 PHP, which will be used to purchase additional inventory and as working capital. This loan will be her third from HSPFI. She plans to use the additional revenue generated from the business to support her children's education.


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
  • 359
    View loans »
    Philippines Loans Fundraising
  • $50,755,825
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Vicky to purchase additional inventory and as working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010