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Minda M. is from the village of Eastern, Wao, Lanao del Sur. She is 47 years old. Minda is married and has 6 adult children. To make a living, Minda owns & operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes from buying and selling daily use products such as shampoo, soap, canned goods, snack foods, & toothpaste in the local community. Minda has been engaged in her business for over 5 years and earns approximately 10,000 PHP a month for these activities.

In 2010, Minda joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Minda has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Minda is requesting a new loan of 9000 PHP which will be used to purchase additional products to sell like snack foods & canned goods. This will be the 3rd loan taken out by Minda from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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
  • 2068
    View loans »
    Philippines Loans Fundraising
  • $61,219,850
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Minda to purchase additional products to sell like snack foods & canned goods.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jan 12, 2011
Jan 18, 2011
Currency Exchange Loss:
Nov 15, 2011