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Roland
Roland A. is from the village of Bonbon, Opol, Misamis Oriental. He is 40 years old. Roland is single and has one adult-aged child. To make a living, he owns and operates a food stall, making and selling snacks and other foods, like burgers and sandwiches, in the local community. Roland has been engaged in his business for over five years and earns approximately $225 a month for these activities.

Roland joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. He is requesting a loan of 11,000 PHP which will be used to invest in expanding the business by purchasing more products to sell, like pastries. This will be his 3rd loan from HSPFI. He plans to use the additional revenue generated to expand his 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
  • 1538
    View loans »
    Philippines Loans Fundraising
  • $56,698,350
    Funds lent in using Kiva
  • 44.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Roland to purchase more products to sell, like pastries.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2010
Listed
Dec 18, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011