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Janet
Janet B., from the village of Tumpagon, Cagayan de Oro City, is 28 years old, married, and has three school-aged children. To make a living, Janet owns and operates a business venture making and selling food such as snacks and other delicacies including mangoe shakes and steamed cakes in the local community. Engaged in her business for over three years, she earns approximately 4000 PHP a month.



In 2010, Janet joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid a previous loan of 5000 PHP from HSPFI that was used to invest in expanding the business, she is now requesting a second loan of 5000 PHP to purchase raw ingredients needed to make products for sale. Janet plans to use the additional revenue generated from the business to improve/expand her enterprise.



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
  • 840
    View loans »
    Philippines Loans Fundraising
  • $54,407,775
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Janet to purchase raw ingredients needed to make food products for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 1, 2010
Listed
Sep 16, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011