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Joel
Joel A.'s main source of income comes from buying and selling scrap materials in his community. He is 38 years old, married and has three school-age children. They are from the village of Santiago, Iligan city. Joel has been engaged in this business for over 10 years and earns approximately 2,500 PHP a month.


In 2009, Joel joined HSPFI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Joel is requesting a loan of 5,000 PHP which will be used to purchase new items to expand product offerings. 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

  • $7,000
    Average annual income
  • 1437
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Joel to purchase new items to expand product offering.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2009
Listed
Sep 19, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010