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Lanie
Lanie J. owns and operates a sari-sari (variety retail shop) selling daily use products such as shampoo, soap, canned goods, snack foods and toothpaste in her community. She also makes and sells viand foods like fried fish, chicken and pancit bihon [fried rice noodles]. She is 48 years old, married and has three school-aged children. They are from the village of Macapari, Damulog, Bukidnon. Lanie has been in her business for over 10 years and earns approximately 12,000 Philippine pesos (PHP) a month.

In 2009, Lanie joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Lanie has successfully repaid a previous loan of 15,000 PHP from HSPFI which was used to purchase additional inventory and for working capital. Lanie is requesting a new loan of 18,000 PHP which will be used to purchase additional products to sell like canned goods, instant noodles and detergents. This will be her fifth loan from HSPFI. She plans to use additional income to improve and 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

  • $7,000
    Average annual income
  • 1456
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Lanie to purchase additional products to sell like canned goods, instant noodles and detergents.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2011
Listed
Jan 19, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011