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Mirasol S. is from the village of Salawagan, Quezon, Bukidnon. She is 33 years old, married and has two school-aged children. To make a living, Mirasol owns and operates a sari-sari (variety) retail shop buying and selling daily use products such as shampoo, soap, toothpaste, soft drinks, convenience foods, canned goods and instant noodles in the local community. Mirasol has been engaged in her business for over two years and earns approximately 7,000 PHP per month from these activities.

In 2010, Mirasol joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from HSPFI. This loan was used to purchase additional inventory and as working capital. Mirasol is requesting a new loan of 8,000 PHP, which will be used to purchase additional products to sell such as beverages and convenience foods. This loan will be her second loan from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.


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

  • $7,000
    Average annual income
  • 685
    View loans »
    Philippines Loans Fundraising
  • $63,141,900
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Mirasol to purchase additional products to sell, such as beverages and convenience foods.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 14, 2010
Dec 14, 2010
Currency Exchange Loss:
Sep 15, 2011