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Violeta
Violeta A. is from the village of Lilingayon, Valencia City, Bukidnon. She is 40 years old, separated from her spouse, and has two adult-aged children. To make a living, Violeta owns and operates a specialized retail store selling dresses, t-shirts and ready-to-wear products in the local community. Violeta has been engaged in her business for over ten years and earns approximately 8,500 PHP per month from these activities.

In 2007, Violeta joined Kiva partner, HSPFI, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from HSPFI. This loan was used to purchase additional products to sell. Violeta is requesting a new loan of 15,000 PHP, which will be used to purchase additional inventory and as working capital. This loan will be her sixth from HSPFI. She plans to use the additional revenue generated from the business to improve and 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

  • $7,000
    Average annual income
  • 1292
    View loans »
    Philippines Loans Fundraising
  • $57,860,075
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Violeta to purchase additional inventory and as working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011