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Merlyn B. is from the village of Thailand, Banisilan, Cotabato. She is 57 years old. Merlyn is married and has 3 school-age children. To make a living, Merlyn owns & operates a business venture in the retail sector running a sari-sari (variety) retail shop. The main source of income for the business comes primarily from buying and selling daily use products such as shampoo, soap, toothpaste, canned goods, breads, instant noodles, biscuits & junk foods in the local community. Merlyn has been engaged in her business for over 16 years and earns approximately 10000 PHP a month for these activities.

In 2010, Merlyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlyn has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to to purchase additional products to buy and sell. Merlyn is requesting a new loan of 13000 PHP which will be used to purchase additional inventory and for working capital. This loan will be the 4th loan taken out by Merlyn 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
  • 755
    View loans »
    Philippines Loans Fundraising
  • $63,325,000
    Funds lent in using Kiva
  • 44.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Merlyn to purchase additional inventory and for working capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Nov 25, 2010
Nov 27, 2010
Currency Exchange Loss:
Sep 15, 2011