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Elvira C. is from the village of Talon, Gingoog City. She is 48 years old, married, and has four school-aged children. To make a living, Elvira owns and operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling daily use products, such as shampoo, soap, toothpaste, canned goods, and instant noodles, in the local community. She is also buying and selling electronic loads from several networks like SMART and GLOBE. Elvira has been engaged in her business for over 10 years and earns approximately 3,000 PHP a month.

In 2008, Elvira joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Elvira has successfully repaid a previous loan of 11,000 PHP from HSPFI. The previous loan was used to to purchase additional products to buy and sell. Elvira is requesting a new loan of 5,000 PHP, which will be used to purchase additional inventory and acquire working capital. This loan will be Elvira's second loan 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
  • 1938
    View loans »
    Philippines Loans Fundraising
  • $61,097,225
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Elvira to purchase additional inventory and acquire working capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Nov 15, 2010
Nov 15, 2010
Currency Exchange Loss:
May 15, 2011