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Venie L. owns and operates a video games business. She is also a fish vendor. She is 45 years old, married and has four school-age children. They are from the village of Catuan, Lunao, Gingoog City. Venie has been in her business for over two years and earns approximately 5000 pesos a month.

In 2009, Venie joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Venie has successfully repaid a previous loan of 5000 pesos from HSPFI. This previous loan was used to to purchase additional inventory and for working capital. Venie is requesting a new loan of 5000 pesos which will be used to purchase additional inventory and for working capital. This will be her second loan from HSPFI. She plans to save the additional revenue generated from the business as a reserve for future emergencies.

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
  • 363
    View loans »
    Philippines Loans Fundraising
  • $70,813,700
    Funds lent in using Kiva
  • 47.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Venie to purchase additional inventory and for working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 6, 2009
Oct 24, 2009
Currency Exchange Loss:
Mar 15, 2010