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Susan
Susan B. is from the village of New Compostela, Damulog Bukidnon. She is 44 years old. Susan is married and has 8 school-aged children. To make a living, Susan owns & operates a sari-sari (variety) retail shop. The main source of income for the business comes from selling both food & daily use products in the local community. Susan has been engaged in her business for over 5 years and earns approximately 5,000 PHP a month for these activities.

In 2009, Susan joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Susan has successfully repaid a previous loan of 11,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Susan is requesting a new loan of 11,000 PHP which will be used to purchase new items to expand product offering. This will be the 4th loan taken out by Susan from HSPFI. She plans to use the additional revenue generated from the business to support the education of her children.

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
  • 1465
    View loans »
    Philippines Loans Fundraising
  • $59,304,600
    Funds lent in using Kiva
  • 45.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Susan to purchase new items to expand product offering.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2010
Listed
Jun 21, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011