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Madelyn P.'s main source of income comes from selling scrap metal and other used products in her community. She is 20 years old, married and has a small child. They are from the village of Santiago, Iligan City. Madelyn has been in her business for over two years and earns approximately 5000 pesos a month.

In 2009, Madelyn joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Madelyn has successfully repaid a previous loan of 5000 pesos from HSPFI. This previous loan was used to to purchase products to sell. Madelyn is requesting a new loan of 8000 pesos which will be used to invest in expanding her business. This will be her second loan from HSPFI. She plans to use the additional revenue generated from the business to improve and expand 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

  • $7,000
    Average annual income
  • 354
    View loans »
    Philippines Loans Fundraising
  • $70,673,000
    Funds lent in using Kiva
  • 47.1
    Philippines Pesos (PHP) = $1 USD