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Jovito
Jovito B. is from the village of Mambajao, Camiguin Province. He is 43 years old, widowed, and has three school-aged children. To make a living, Jovito owns and operates a business venture in the food sector making and selling food. The main source of income for the business comes from selling specialty food products such as processed soya milk, locally called "taho" (a combination of soya milk and sugar syrup), in the local community. Jovito has been engaged in his business for over three years and earns approximately 4,000 PHP a month from these activities.

In 2009, Jovito joined Kiva partner HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 5,000 PHP from HSPFI. This loan was used to purchase raw ingredients needed to make products for sale. Jovito is requesting a new loan of 8,000 PHP, which will be used to invest in expanding the business. This loan will be his second from HSPFI. He plans to use the additional revenue generated 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

  • $1175
    Average annual income
  • 1552
    View loans »
    Philippines Loans Fundraising
  • $56,638,525
    Funds lent in using Kiva
  • 45.8
    Philippines Pesos (PHP) = $1 USD