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Verbina Y. is from the village of Kalangahan, Lugait, Misamis Oriental. She is 32 years old, married, and has five school-aged children. To make a living, she owns and operates a specialized retail store, selling seafood products, including fish and shrimp, in the local community. She has been engaged in her business for over five years and earns approximately $250 a month for these activities.

In 2010, Verbina joined 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 5,000 PHP from HSPFI. This previous loan was used to purchase additional fish to sell.

Verbina is requesting a new loan of 8,000 PHP which will be used to purchase additional inventory and as working capital. This will be her 2nd loan from HSPFI. She plans to use the additional revenue generated to improve 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
  • 805
    View loans »
    Philippines Loans Fundraising
  • $63,360,225
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Verbina to purchase additional inventory and as working capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 24, 2010
Sep 9, 2010
Currency Exchange Loss:
Feb 15, 2011