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Ludina B. is from the village of Minsapinit, Gingoog City. She is 42 years old and married with 2 school-aged children. To make a living, Ludina owns and operates a business venture making and selling food. While not the only means for generating revenue, the main source of her income comes primarily from selling snacks and other delicacies in the local community. Ludina has been engaged in her business for over 1 year and earns approximately 6,000 PHP a month for these activities.

In 2009, Ludina joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid her last loan of 7,000 PHP from HSPFI which was used to to invest in expanding the business. Ludina has now requested a new loan of 9,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This will be the 3rd loan taken out by Ludina from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is one of 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
  • 1825
    View loans »
    Philippines Loans Fundraising
  • $60,851,250
    Funds lent in using Kiva
  • 47.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Ludina to purchase raw ingredients for food production.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
May 21, 2010
May 27, 2010
Currency Exchange Loss:
Mar 15, 2011