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Melodina
Melodina D. is from the village of Tumpagon, a barangay in Cagayan De Oro City on Mindanao. She is 33 years old, married and has five school-aged children. Melodina sells specialty food products from her food stall to the local community. Melodina has been engaged in her business for over eight years and earns approximately 7,000 PHP a month.


In 2008, Melodina joined HSPFI to gain access to its financial services. She is requesting a loan, her fourth, of 11000 PHP from HSPFI which she will use to purchase additional products to sell. Melodina successfully repaid a previous loan of 11,000 PHP from HSPFI, which was used to buy ingredients for the food she sells. She plans to use the additional revenue generated from her business to pay for her children’s education.


About HSPFI:


HSPFI is an accredited partner 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it 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
  • 971
    View loans »
    Philippines Loans Fundraising
  • $54,456,775
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Melodina to purchase additional products to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2009
Listed
Nov 20, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010