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Arlene
Arlene G. is from the village of Villa Verde, Balulang, Cagayan de Oro City. She is 28 years old. Arlene is married and has 1 school-aged child. To make a living, Arlene owns and operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling rice (retailing in kilos) in the local community. Arlene has been engaged in her business for over 2 years and earns approximately 7,500 PHP a month for these activities.

In 2010, Arlene joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Arlene is requesting a new loan of 5,000 PHP, which will be used to purchase additional products (rice) to sell. This loan will be the 1st loan taken out by Arlene from HSPFI. 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

  • $1175
    Average annual income
  • 262
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Arlene to purchase additional products (rice) to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2010
Listed
Jul 20, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010