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Josephine
Josephine L. is from the village of Ricoro, Gingoog City. She is 26 years old. Josephine is married and has seven school-aged children. To make a living, Josephine owns & operates a business buying and selling bananas & rice per kilogram in the local community. Josephine has been engaged in her business for over five years and earns approximately 8,500 PHP a month for these activities.

In 2010, Josephine joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Josephine has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to purchase additional inventory & working capital. Josephine is requesting a new loan of 7,000 PHP, which will be used to purchase additional bananas & rice to sell. This loan will be the second loan taken out by Josephine from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

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

  • $1175
    Average annual income
  • 879
    View loans »
    Philippines Loans Fundraising
  • $54,390,175
    Funds lent in using Kiva
  • 44.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Josephine to purchase additional bananas & rice to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Dec 16, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011