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Merlyn
Merlyn O. is from the village of Upperville, Nazareth, Cagayan de Oro City. She is 44 years old. Merlyn is married and has five adult children. To make a living, Merlyn owns & operates a business buying and selling of fish as well as dried fish as her another business aside from doing manicure and pedicure in the local community. Merlyn has been engaged in her business for over 10 years and earns approximately 9,000 PHP a month for these activities.

In 2010, Merlyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlyn has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to purchase additional dried fish to sell. Merlyn is requesting a new loan of 8,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the second loan taken out by Merlyn from HSPFI. She plans to use the additional revenue generated from the business to improve/expand the borrower's 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
  • 240
    View loans »
    Philippines Loans Fundraising
  • $50,669,475
    Funds lent in using Kiva
  • 45.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Merlyn to purchase additional inventory & working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2010
Listed
Aug 18, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010