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Raquel M. is from the village of Lilingayon, Valencia City, Bukidnon. She is 43 years old. Raquel is married and has 2 school-aged children. To make a living, Raquel owns & operates a business venture in the food sector running a bakery shop. While not the only means for generating revenue, the main source of income for the business comes primarily from baking and selling a variety of staple products such as loaf breads to the local community. M. is also engaged in buying and selling fruits, like pineapples. Raquel has been in business for over 3 years and earns approximately 12000 PHP a month for these activities.

In 2009, Raquel joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Raquel has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to purchase additional inventory and to use as working capital. Raquel is requesting a new loan of 14000 PHP, which will be used to purchase additional cooking ingredients like flour and eggs. This loan will be the 4th loan taken out by Raquel from HSPFI. She plans to use the additional revenue generated from the business to improve/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
  • 1497
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 44.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Raquel to purchase ingredients like flour & eggs.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 15, 2010
Dec 16, 2010
Currency Exchange Loss:
Sep 15, 2011