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Ronalyn
Ronalyn B. is 33 years old, married and has four school-aged children. She is from the village of Tinabalan outside of Gingoog City in Northern Mindanao. Ronalyn owns and operates a mini-restaurant from which she serves a variety of different meals to customers from the local community. Ronalyn has been in business for over four years and earns approximately 6500 PHP a month for these activities.


In 2009, Ronalyn joined HSPFI to gain access to its financial services. She has successfully repaid a previous loan of 6000 PHP from HSPFI which she used to renovate the business. Ronalyn is requesting a new loan, her third from HSPFI, of 9000 PHP to be used for business supplies and working capital. She plans to use any additional revenue generated to improve and 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 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it 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
  • 288
    View loans »
    Philippines Loans Fundraising
  • $52,219,050
    Funds lent in using Kiva
  • 46.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Ronalyn to purchase business supplies and obtain working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011