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Carlita Y. is from the village of Agoho, Mambajao, Camiguin Province. She is 49 years old. Carlita is separated from her spouse and has 4 school-aged children. To make a living, Carlita owns and operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling junk food, bread, biscuits and canned goods in the local community. Carlita has been engaged in her business for over 9 years and earns approximately 5,000 PHP a month for these activities.

In 2008, Carlita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Carlita has successfully repaid a previous loan of 11,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and working capital.

Carlita is requesting a new loan of 5,000 PHP which will be used to purchase additional products like canned goods and junk food. This loan will be the 6th loan taken out by Carlita from HSPFI. She plans to use the additional revenue generated from the business 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
  • 1178
    View loans »
    Philippines Loans Fundraising
  • $63,443,275
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Carlita to purchase additional products like canned goods and junk food.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 9, 2011
May 11, 2011
Currency Exchange Loss:
Oct 15, 2011