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Jessie
Jessie S. is from the village of Zone 2 in Tumpagon, Cagayan de Oro City. She is 29 years old. Jessie is married and has 2 school-aged children. To make a living, Jessie runs a sari-sari (variety) retail store where she sells a variety of different products in the local community. Jessie has been engaged in her business for over 10 years and earns approximately 8,000 PHP a month from these activities.

In 2008, Jessie joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jessie has successfully repaid a previous loan of 11,000 PHP from HSPFI. Jessie is requesting a new loan of 14,000 PHP which will be used to purchase additional inventory & working capital. This will be Jessie's 4th loan from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is one of 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

  • $7,000
    Average annual income
  • 1253
    View loans »
    Philippines Loans Fundraising
  • $57,883,475
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Jessie to purchase additional inventory and use as working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010