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Marina M. is from the village of Mambajao, a part of Camiguin Province on the island of Mindanao. She is 35 years old, single and has school-aged children. Marina operates her own stall from which she sells a variety of foods to the local community. She has been in business for over ten years and earns approximately 10,000 PHP a month.

In 2009, Marina joined HSPFI to gain access to its financial services. She is requesting a new loan of 7000 PHP which will be used to stock new varieties of food so as to expand her offerings. Marina successfully repaid a previous loan of 4,000 PHP, her second from HSPFI. She plans to use all additional revenue generated to grow her business.

About HSPFI:

HSPFI is an accredited partner 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it 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
  • 334
    View loans »
    Philippines Loans Fundraising
  • $70,752,750
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Marina to buy new varieties of food for her food stall.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Nov 24, 2009
Dec 12, 2009
Currency Exchange Loss:
May 15, 2010