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Lolina
Lolina B., from the village of North Poblacion, Guinsiliban, Camiguin Province, is 46 years old, married, and has one school-aged child. To make a living, Lolina owns and operates a sari-sari (variety) retail shop selling both food and daily use products in the local community. Engaged in her business for over three years, she earns approximately 5,000 PHP a month.



In 2009, Lolina joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid her previous loan of 4,000 PHP from HSPFI that was used to invest in expanding the business, Lolina is requesting a new loan, her second, of 7,000 PHP which will be used to purchase additional products to sell. She plans to use the additional revenue generated from the business to improve/expand her 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

  • $7,000
    Average annual income
  • 1480
    View loans »
    Philippines Loans Fundraising
  • $59,394,700
    Funds lent in using Kiva
  • 46.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Lolina to purchase additional products to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2010
Listed
May 23, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010