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Shela R. is from the village of Bonbon, Catarman Camiguin Province. She is 23 years old. Shela is single and has one infant-aged child. To make a living, Shela owns & operates a business in the retail sector running a sari-sari (variety) retail shop. The main source of income from the business comes primarily from selling both food & daily use products in the local community. Shela has been engaged in her business for over 3 years and earns approximately 4,500 PHP a month for these activities.

In 2009, Shela joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Shela has successfully repaid a previous loan of 7,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Shela is requesting a new loan of 10000 PHP which will be used to purchase new items to expand product offering. This loan will be the 3rd loan taken out by Shela from HSPFI. She plans to use the additional revenue generated from the business to supplement the income 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
  • 469
    View loans »
    Philippines Loans Fundraising
  • $69,645,400
    Funds lent in using Kiva
  • 47.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Shela to purchase new items to expand product offering.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Nov 20, 2009
Dec 1, 2009
Currency Exchange Loss:
Aug 15, 2010