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David
David A. is from the village of Kiburiao, Quezon, Bukidnon. He is 67 years old. David is widowed and has 9 adult-aged children. To make a living, David owns & operates a service-based business. The main source of income for the business comes primarily from providing barber hair cuts and hairdressing services to local community members. David has been engaged in his business for over 20 years and earns approximately 5000 PHP a month for these activities.

In 1999, David joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. David has successfully repaid a previous loan of 10000 PHP from HSPFI. This previous loan was used to to purchase materials needed to provide service. David is requesting a new loan of 10000 PHP which will be used to purchase materials needed for the maintenance of his barber service like pair of hair scissors. This loan will be the 13th loan taken out by David from HSPFI. He plans to use the additional revenue generated from the business to improve/expand his 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
  • 1486
    View loans »
    Philippines Loans Fundraising
  • $56,611,950
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped David to purchase materials such as hair scissors needed for his barbershop business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2011
Listed
Mar 22, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012