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Marivic D. C. is from the village of Purok 5, Barangay 17, JC Extension, Gingoog City. She is 31 years old. Marivic is married and has three school-aged children. To make a living, Marivic owns & operates a sari-sari (variety) retail store selling a variety of different products in the local community. Marivic has been engaged in her business for over four years and earns approximately 5,000 PHP a month for these activities.

In 2009, Marivic joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marivic has successfully repaid a previous loan of 8,000 PHP from HSPFI. Marivic is requesting a new loan of 11,000 PHP, which will be used to purchase additional products to sell. This loan will be the third loan taken out by Marivic from HSPFI. She plans to use the additional revenue generated from the business to supplement the family's income and to support her children's education.

About HSPFI:

HSPFI is one of the accredited partners of Opportunity International in the Philippines. It is based in Cagayan D. 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
  • 1828
    View loans »
    Philippines Loans Fundraising
  • $60,851,250
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Marivic to purchase additional products to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Feb 18, 2010
Feb 21, 2010
Currency Exchange Loss:
Dec 15, 2010