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Ferly
Ferly S. is from the village of Pinamulaan, Banisilan, Cotabato. She is 28 years old, married, and has 1 school-aged child. To make a living, Ferly owns & operates a sari-sari (variety) retail shop, selling beverages, snack foods, canned goods, shampoo, soap & biscuits in the local community. Ferly has been engaged in her business for over 5 years and earns approximately 10000 PHP a month from these activities.

In 2009, Ferly joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 15000 PHP from HSPFI. This previous loan was used to purchase additional inventory & fund working capital.

Ferly is requesting a new loan of 20000 PHP to purchase more beverages, canned goods & snack foods to sell. This loan will be her 6th loan from HSPFI. She plans to use the additional revenue generated to improve/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

  • $7,000
    Average annual income
  • 1051
    View loans »
    Philippines Loans Fundraising
  • $57,733,025
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Ferly buy beverages, canned goods and snack foods to resell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012