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Carmelito
Carmelito T. is from the village of Mambajao, Camiguin Province. He is 39 years old. Carmelito is married and has 1 infant child. To make a living, Carmelito owns & operates a business raising livestock. The main source of income for the business comes from raising chickens for sale. Carmelito has been engaged in his business for over 3 years and earns approximately PHP3000 a month from these activities.

In 2009, Carmelito joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Carmelito is requesting a new loan of 5,000 PHP which will be used to invest in expanding the business. This loan will be the first loan taken out by Carmelito from HSPFI. He plans to use the additional revenue generated from the business 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, Kiva created this template for our Field Partner 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
  • 219
    View loans »
    Philippines Loans Fundraising
  • $52,023,300
    Funds lent in using Kiva
  • 45.9
    Philippines Pesos (PHP) = $1 USD