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Merlina H. is from the village of Malipayon, Pangantucan, Bukidnon. She is 45 years old. Merlina is separated from her spouse and has five school-aged children. To make a living, Merlina owns and operates a retail store, selling seafood products including fish like sardines and mackerel. Merlina has been engaged in her business for more than 12 years and earns approximately 8000 PHP a month.

In 2008, Merlina joined HSPFI to gain access to financial services to help improve her business and living situation. Merlina has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and for working capital. Merlina is requesting a new loan of 14000 PHP, which will be used to purchase additional fish like milk fish and sardines. This will be the sixth loan taken out by Merlina from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.

About HSPFI:

HSPFI is an accredited partner 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
  • 2093
    View loans »
    Philippines Loans Fundraising
  • $61,219,850
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Merlina to purchase additional fish for resale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 9, 2010
Dec 13, 2010
Currency Exchange Loss:
Oct 15, 2011