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Cordelina
Cordelina B., 47, from the village of Tagpangi, Cagayan de Oro City, is married and has five school-aged children. To make a living, Cordelina owns and operates a specialized retail business whose main income comes from buying and selling firewood in the local community. Cordelina has been engaged in her business for over two years and earns approximately 6,000 PHP a month.



In 2008, Cordelina joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having fully repaid a previous loan of 5,000 PHP from HSPFI, she is requesting a new loan of 8,000 PHP which will be used to purchase additional products to sell. This loan will be her second from HSPFI, and she plans to use the additional revenue generated from the business to improve/expand her enterprise.



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
  • 1243
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Cordelina to purchase additional products to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Nov 19, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010