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Rosemarie M. is from the village of Macasandig, Cagayan de Oro City. She is 45 years old. Rosemarie is married and has four adult-aged children. To make a living, she owns and operates a sari-sari (variety) retail shop, selling daily use products such as shampoo, soap, toothpaste, detergents and snack foods in the local community. She has been engaged in her business for over five years and earns approximately $100 a month for these activities.

In 2010, Rosemarie 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 8,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell.

Rosemarie is requesting a new loan of 11,000 PHP which will be used to purchase additional inventory and as working capital. This will be her 3rd 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
  • 1942
    View loans »
    Philippines Loans Fundraising
  • $61,098,225
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Rosemarie to purchase additional inventory and as working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Oct 21, 2010
Oct 25, 2010
Currency Exchange Loss:
Aug 15, 2011