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Marites
Marites C. is from the village of Tupsan, Pequeño, Mahinog, Camiguin Province. She is 36 years old. Marites is married and has three school-aged children. To make a living, Marites operates a mini-restaurant. The main source of income for the business comes from serving a variety of different meals to customers in the local community. Marites has been engaged in her business for over five years and earns approximately 9,000 Philippines pesos (PHP) a month from it.

In 2010, Marites joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marites is requesting a new loan of 5,000 PHP, which will be used to purchase food and drinks for the restaurant. This will be the first loan taken out by Marites 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
  • 271
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Marites to purchase food and drinks for the restaurant.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2010
Listed
Aug 19, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011