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Elsie A. is from the town of Tagoloan, Misamis Oriental. She is 39 years old. Elsie is married and has 10 adult children. To make a living, Elsie owns & operates a business selling specialty food products in the local community. Elsie has been engaged in her business for over a year and earns approximately 6,000 PHP a month for these activities.

In 2009, Elsie joined HSPFI to gain access to financial services to help improve her living situation and to engage in business activities. Elsie is requesting a new loan of 5000 PHP. She will purchase the raw ingredients that are needed to make the homemade food products that she has for sale in her small food stall. This loan will be the 1st loan taken out by Elsie from HSPFI. She plans to use the additional revenue generated from the business to support needs of her family.

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
  • 380
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 47.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Elsie to purchase food ingredients for her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 29, 2009
Jun 10, 2009
Currency Exchange Loss:
Oct 15, 2009