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Malyn E. is from the village of Bolihon, Taglimao, Cagayan de Oro City. She is 32 years old. Malyn is married and has two children. To make a living, Malyn 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, instant noodles & beverages in the local community. Malyn has been engaged in her business for over 3 years and earns approximately 20,000 PHP a month for these activities. In the picture are Malyn & her younger son.

In 2008, Malyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Malyn has successfully repaid a previous loan of 23,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Malyn is requesting a new loan of 26,000 PHP which will be used to purchase additional products to sell such as canned goods & beverages. This will be the 8th loan taken out by Malyn 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
  • 706
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Malyn to purchase additional products to sell such as canned goods & beverages.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Mar 9, 2011
Mar 11, 2011
Currency Exchange Loss:
Jan 15, 2012