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Levenia
Levenia M. is from the village of Batinay, Tagpangi, Cagayan de Oro City. She is 32 years old. Levenia is married and has 2 school-aged children. To make a living, Levenia owns & operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from buying and selling firewood, bananas & coconuts in the local community. She is also providing services such as pedicure & manicure. Levenia has been engaged in her business for over 3 years and earns approximately 10,000 PHP a month for these activities.

In 2008, Levenia joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Levenia has successfully repaid a previous loan of 17,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Levenia is requesting a new loan of 17,000 PHP which will be used to purchase additional firewood & bananas to sell. This will be the 6th loan taken out by Levenia 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

  • $7,000
    Average annual income
  • 1641
    View loans »
    Philippines Loans Fundraising
  • $59,060,350
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Levenia to purchase additional firewood & bananas to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2011
Listed
Mar 11, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012