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Estela
Estela P. is from the village of Batangan, Valencia City. She is 33 years old, married and has 2 school-aged children. To make a living, Estela owns and operates a transportation service using a motorela (a motorcycle encased in a carriage with two rows of seats facing each other), with her husband as the driver, for local community members. Estela has been engaged in her business for over 5 years and earns approximately 6,000 PHP a month from these activities.

In 2010, Estela joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Estela is requesting a new loan of 5,000 PHP which will be used to purchase materials needed to provide her service. This loan will be the first loan taken out by Estela 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, Kiva created this template for our Field Partner 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
  • 299
    View loans »
    Philippines Loans Fundraising
  • $52,091,300
    Funds lent in using Kiva
  • 45.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Estela to purchase materials needed to provide service.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2010
Listed
Aug 6, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011