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Nena L. is from the village of Pigsag-an, Cagayan De Oro City. She is 57 years old, widowed and has three grown children. Nena has owned and operated a retail shop, specializing in green bananas and daily essentials, for over 15 years. As her main source of income, the business generates approximately 2,500 PHP a month.

In 2008, Nena joined HSPFI to access their financial services to help improve her living situation and ability to engage in business activities. Nena has successfully repaid a previous HSPFI loan in the amount of 11,000 PHP. Nena is requesting 14000 PHP, as her fourth HSPFI loan, which she will use to purchase additional products to sell. She plans to use the additional revenue generated from the business to supplement her family's income.

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
  • 419
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 47.5
    Philippines Pesos (PHP) = $1 USD