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Arceli
Arceli L. is from the village of San Luis, Gingoog City. She is 67 years old. Arceli is separated from her spouse and has six adult children.

To make a living, Arceli owns and operates a tailoring business, providing general alteration and tailoring services as well as curtains, pillowcases, bedsheets, sofa covers, dresses and pants to local community members. Arceli has been engaged in her business for over 30 years and earns approximately 10,000 PHP a month.

In 2009, Arceli joined HSPFI to gain access to financial services to help improve her business and living situation. Arceli has successfully repaid a previous loan of 16,000 PHP from HSPFI. This previous loan was used to to purchase additional tailoring equipment such as needles and threads.

Arceli is requesting a new loan of 20,000 PHP, which will be used to purchase additional fabrics and materials. This will be the fifth loan taken out by Arceli from HSPFI. She plans to use the additional revenue generated from the loan to improve and 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 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
  • 1018
    View loans »
    Philippines Loans Fundraising
  • $54,528,050
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Arceli to purchase additional fabrics and materials.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2011
Listed
Jan 21, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011