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Nora
Nora T. is from the village of Poblacion, Don Carlos, Bukidnon. She is 47 years old, married, and has three adult children. To make a living, Nora owns and operates a mini-restaurant. While not the only means for generating revenue, the main source of income for the business comes primarily from serving a variety of different meals to customers, such as chicken, pork adobo, afritada, and caldereta, in the local community. Nora has been engaged in her business for over two years and earns approximately 10,000 PHP a month.

In 2010, Nora joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nora is requesting a loan of 5,000 PHP, which will be used to purchase food and drinks for the restaurant. This loan will be Nora's first 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

  • $1175
    Average annual income
  • 971
    View loans »
    Philippines Loans Fundraising
  • $54,483,000
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Nora to purchase food and drinks for the restaurant.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2010
Listed
Dec 13, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011