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Remia
Remia B. is from the village of Eastern Wao, Lanao del Sur. She is 55 years old, married, and has four adult children. To make a living, Remia owns and operates a a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling dried fish such as dilis, pinikas, and sari in the local community. Remia has been engaged in her business for over six years and earns approximately 15,000 PHP a month.

In 2009, Remia joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Remia has successfully repaid a previous loan of 12,000 PHP from HSPFI, which was used to to purchase additional inventory and acquire working capital. Remia is requesting a new loan of 15,000 PHP, which will be used to purchase additional dried fish to sell such as pinikas and ulang. This loan will be Remia's seventh loan 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
  • 1096
    View loans »
    Philippines Loans Fundraising
  • $54,704,675
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Remia to purchase additional dried fish to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2011
Listed
Mar 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012