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Dante R. runs a sari-sari (variety) retail shop selling food and daily use products in his community. He is 40 years old, married and has five school-age children. They are from the village of Saray, Iligan City. Dante has been in his business for over three years and earns approximately 4,000 PHP a month.

In 2009, Dante joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Dante is requesting a loan of 5,000 PHP which will be used to purchase new items to expand his product offering. This will be his first loan from HSPFI. He plans to use the additional revenue to improve and expand his 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
  • 232
    View loans »
    Philippines Loans Fundraising
  • $52,041,500
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Dante to purchase new items to expand product offering.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 9, 2009
Sep 17, 2009
Currency Exchange Loss:
Feb 15, 2010