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Maria Hermisa
Maria Hermisa J. is from the village of Mambajao, Camiguin Province. Maria is 43 years old and married with 4 school-aged children. To make a living, Maria Hermisa owns and operates a sari-sari (variety) retail shop, selling both food and daily use products in the local community. She has been engaged in her business for over 5 years and earns approximately 8000 PHP a month from these activities.

In 2009, Maria Hermisa joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maria Hermisa has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Maria Hermisa is requesting a new loan of 11000 PHP which will be used to invest in expanding the business. This loan will be the 3rd loan taken out by Maria Hermisa from HSPFI.

About HSPFI:

HSPFI is one of 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
  • 283
    View loans »
    Philippines Loans Fundraising
  • $52,061,525
    Funds lent in using Kiva
  • 46.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Maria Hermisa to invest in expanding her sari-sari retail shop.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2009
Listed
Jan 6, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010