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Margie
Margie A. is from the village of Wadya, Banisilan, Cotabato. She is 49 years old, married and has 5 adult-aged children. Margie owns and operates a business providing motorsikad or habal-habal services with her husband as the driver to local community members. Margie has been engaged in her business for over 5 years and earns approximately 7,000 PHP a month from it.

In 2008, Margie joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Margie has successfully repaid a previous loan of 15,000 PHP from HSPFI, which was used to to purchase tools needed to provide service. Margie is requesting a new loan of 15,000 PHP which will be used to purchase tools needed for the maintenance of the motorsikad. This will be the 11th loan taken out by Margie from HSPFI. She plans to use the additional revenue generated from the business to improve/expand 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

  • $1175
    Average annual income
  • 242
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Margie to purchase tools needed for the maintenance of the motorsikad.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2010
Listed
Nov 11, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011