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Josephine, from the village of Malipayon, Pangantucan, Bukidnon, is 43 years old, married and has two grown children. To make a living, Josephine owns and operates a sari-sari (variety) retail shop selling canned goods, snack foods, beverages, shampoo, soap and biscuits in the local community. Engaged in her business for over five years, she earns approximately 10000 PHP a month.

In 2010, Josephine joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid her previous loan of 5000 PHP from HSPFI that was used to purchase additional inventory and as working capital, she is requesting her second loan for 8000 PHP to purchase more canned goods, snack foods and beverages. Josephine plans to use the additional revenue generated from the business to improve/expand her store.

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

  • $7,000
    Average annual income
  • 720
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Josephine to purchase additional canned goods, snack foods & beverages.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
May 19, 2011
May 27, 2011
Currency Exchange Loss:
Mar 15, 2012