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Emma
Emma M. is from the village of San Simon, Cagayan de Oro. She is 54 years old. Emma is married and has 10 adult children. To make a living, Emma owns & operates a sari-sari (variety) retail shop. The main source of income for the business comes from buying and selling daily use products such as snack foods, canned goods, detergents, shampoo, soap & several kinds of beverages in the local community. She also raises pigs for breeding & sells the piglets in the future. Emma has been engaged in her business for over 10 years and earns approximately 12,500 PHP a month for these activities.

In 2008, Emma joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emma has successfully repaid a previous loan of 14,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Emma is requesting a new loan of 14,000 PHP which will be used to purchase additional products like canned goods & snack foods. This will be the 5th loan taken out by Emma 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
  • 1216
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Emma to purchase additional products like canned goods & snack foods.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2011
Listed
May 13, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012