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Amor
Amor A. is from the village of Port Area, Iligan City. She is 22 years old, single, and has two infant children. To make a living, Amor owns and operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling daily use products such as shampoo, soap, canned goods, snack foods, and toothpaste in the local community. Amor has been engaged in her business for over two years and earns approximately 4,500 PHP a month.

In 2008, Amor joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Amor has successfully repaid a previous loan of 11,000 PHP from HSPFI, which was used to to purchase additional inventory and acquire working capital. Amor is requesting a new loan of 14,000 PHP, which will be used to purchase additional products to sell such as canned goods and snack foods. This loan will be Amor's fourth loan taken out by Amor from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.

About HSPFI:

HSPFI is one of 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
  • 1562
    View loans »
    Philippines Loans Fundraising
  • $56,638,525
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Amor to purchase additional products to sell such as canned goods and snack foods.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2011
Listed
Feb 15, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011