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Melesa B. is from the village of Talisay, Gingoog City. She is 32 years old. Melesa is separated from spouse and has 4 school-aged children. To make a living, Melesa owns & operates a retail store, buying and selling daily use products such as shampoo, soap, toothpaste, junkfoods & instant noodles in the local community. She buys and sells fruit like watermelon, sweet bananas She also buys and sells firewood. Melesa has been engaged in her business for over 9 years and earns approximately 7000 PHP a month for these activities.

In 2010, Melesa joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Melesa has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to purchase additional inventory & working capital. Melesa is requesting a new loan of 10000 PHP which will be used to purchase additional inventory & working capital for the business. This will be the 5th loan taken out by Melesa 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 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
  • 1431
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Melesa to purchase additional inventory & working capital for the business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 21, 2010
Nov 4, 2010
Currency Exchange Loss:
Sep 15, 2011