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Elizabeth
Elizabeth S. is from the village of Iligan City. She is 52 years old. Elizabeth is married and has four adult children. To make a living, Elizabeth owns and operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes primarily from selling both food and daily use products in the local community. Elizabeth has been engaged in her business for more than four years and earns approximately 5,000 PHP a month for these activities.

In 2009, Elizabeth joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Elizabeth has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Elizabeth is requesting a new loan of 8,000 PHP, which will be used to purchase additional products to sell. This loan will be the second loan taken out by Elizabeth from HSPFI. She plans to use the additional revenue generated from the business to improve/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 reaches 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
  • 574
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Elizabeth to purchase additional products to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2009
Listed
Nov 14, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010