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Reynante
Reynante S. is from the village of Omayco, Mambajao, Camiguin Province. He is 31 years old. Reynante is separated from wife and has 4 school-aged children. To make a living, Reynante owns and operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing hairdressing & beauty services to local community members. Reynante has been engaged in his business for over 5 years and earns approximately 5,000 PHP a month for these activities.

In 2009, Reynante joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Reynante has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to to purchase materials needed to provide services. Reynante is requesting a new loan of 7,000 PHP, which will be used to purchase materials needed to expand services provided. This loan will be the 2nd loan taken out by Reynante from HSPFI. He plans to use the additional revenue generated from the business to improve/expand his 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
  • 1248
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Reynante to purchase materials needed to expand services provided.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2010
Listed
Jul 8, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010