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Rowena L. is from the village of Babanlagan, Misamis Oriental. She is 26 years old. Rowena is single and has 2 very young children. To make a living, Rowena owns & operates a specialized retail business. The main source of income for the business comes from selling clothing & shoes in the local community. Rowena has been engaged in her business for over 3 years and earns approximately 1,500 PHP a month for these activities.

In 2009, Rowena joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rowena has successfully repaid a previous loan of 5,000 PHP from HSPFI. Rowena is requesting a new loan of 8000 PHP which will be used to purchase additional products to sell. This will be the 2nd loan taken out by Rowena from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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
  • 761
    View loans »
    Philippines Loans Fundraising
  • $63,325,000
    Funds lent in using Kiva
  • 46.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Rowena to purchase additional products to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
May 19, 2010
May 26, 2010
Currency Exchange Loss:
Mar 15, 2011