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Helen V. is from the village of Tinabalan, Gingoog City. She is 42 years old. Helen is married and has 3 school-aged children. To make a living, Helen owns and operates a business venture in the retail sector running a sari-sari (variety) shop. The main source of income for the business comes from selling daily use products such as shampoo, soap, toothpaste, detergents, sugar, snack foods and canned goods in the local community. Helen has been engaged in her business for over 5 years and earns approximately 10000 PHP a month for these activities.

In 2009, Helen joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Helen has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to purchase additional products to sell. Helen is requesting a new loan of 14000 PHP that will be used to purchase additional inventory and increase working capital. This loan will be the 4th loan taken out by Helen 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
  • 710
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Helen to purchase additional inventory and increase working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Nov 3, 2010
Nov 5, 2010
Currency Exchange Loss:
Sep 15, 2011