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Mr. Restituto L. is very hardworking man who sells a variety of goods in his mini grocery store. Restituto wants to improve his living standard which is the reason why he is spending most of his time in managing his business. He opens his store everyday with the help of his children.

Restituto wants to add additional grocery items for sale in his store to eventually increase his sales and income. HSPFI assisted him through its microfinance program. Right now, Restituto needs an additional capital of PHP 10,000 to purchase additional grocery items for sale like sugarcane, dairy products, beverages and rice.

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
  • 407
    View loans »
    Philippines Loans Fundraising
  • $69,606,975
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Restituto to purchase additional grocery items for sale such as rice, sugar, beverages and dairy products.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 17, 2009
Apr 24, 2009
Currency Exchange Loss:
Feb 15, 2010