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Rosebel A. is from the village of Canitoan, Cagayan de Oro City. She is 31 years old. Rosebel is married and has 6 small children. To make a living, Rosebel owns & operates a business manufacturing and selling slippers and sandals to local community members. Rosebel has been engaged in her business for over 6 years and earns approximately 15000 PHP a month from these activities.

In 2007, Rosebel joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosebel has successfully repaid a previous loan of 15000 PHP from HSPFI. That loan was used to purchase raw materials to expand product offerings.

Rosebel is requesting a new loan of 18000 PHP, which will be used to purchase more raw materials to manufacture additional products. This loan will be Rosebel's 8th loan from HSPFI. She plans to use the additional revenue generated to improve/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
  • 390
    View loans »
    Philippines Loans Fundraising
  • $50,825,975
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Rosebel to purchase raw materials to manufacture sandals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Feb 15, 2011
Feb 16, 2011
Currency Exchange Loss:
Dec 15, 2011