A loan of $175 helped to invest in expanding the business.

Jovito's story

Jovito B. is from the village of Mambajao, Camiguin Province. He is 43 years old, widowed, and has three school-aged children. To make a living, Jovito owns and operates a business venture in the food sector making and selling food. The main source of income for the business comes from selling specialty food products such as processed soya milk, locally called "taho" (a combination of soya milk and sugar syrup), in the local community. Jovito has been engaged in his business for over three years and earns approximately 4,000 PHP a month from these activities.

In 2009, Jovito joined Kiva partner HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 5,000 PHP from HSPFI. This loan was used to purchase raw ingredients needed to make products for sale. Jovito is requesting a new loan of 8,000 PHP, which will be used to invest in expanding the business. This loan will be his second from HSPFI. He plans to use the additional revenue generated to improve and expand his business.


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.

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