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Lourdes
Lourdes P. is from the village of Talisayan, Misamis Oriental. She is 54 years old. Lourdes is married and has five children. To make a living, Lourdes 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 & beverages in the local community. Lourdes has been engaged in her business for over 3 years and earns approximately 9000 PHP a month for these activities.

In 2008, Lourdes joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lourdes has successfully repaid a previous loan of 12,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Lourdes is requesting a new loan of 5000 PHP which will be used to purchase additional products to sell like canned goods & snack foods. This will be the 6th loan taken out by Lourdes 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

  • $1175
    Average annual income
  • 266
    View loans »
    Philippines Loans Fundraising
  • $53,216,600
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Lourdes to purchase additional products to sell like canned goods & snack foods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2011
Listed
Feb 25, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011