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Virginia
Virginia is from the village of Pahindong, Medina, Misamis Oriental. She is 46 years old. Virginia is married and has five school-aged children. To make a living, she owns and operates a business of making and selling banana and sweet potato kebab in the local community. She also makes and sells chicken and pork barbecue. She has been engaged in her business for over twenty years and earns approximately $285 a month for these activities.

In 2008, Virginia 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 16,000 PHP from HSPFI. This previous loan was used to purchase additional ingredients and as working capital.

Virginia is requesting a new loan of 20,000 PHP which will be used to purchase raw ingredients needed, like ripe bananas, meat and spices. This will be her 6th loan from HSPFI. She plans to use the additional revenue generated to improve her business.

About HSPFI:

HSPFI is one of the 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
  • 469
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Virginia to purchase raw ingredients needed like ripe bananas, meat and spices.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2011
Listed
May 25, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012