A loan of $650 helped to purchase additional products to sell.


Razel's story

Razel D. P. is from the village of Barangay 4, Balingasag, Misamis Oriental. She is 41 years old. Razel is married and has five school-aged children.

To make a living, Razel owns and manages a mini-grocery store located in the public market of Balingasag. At the same time she is also engaged in buying and selling ready-to-wear items for all ages, like dresses, shirts, pants and more. She sells these items in the local community.

Razel has been engaged in her business for over five years and earns approximately $260 a month from these activities. (Shown in the photo are newly purchased goods intended for selling.)

In 2009, Razel joined HSPFI to gain access to financial services to help improve her living situation by engaging in business activities. Razel is requesting a loan of 30,000 PHP which will be used to purchase additional products to sell. This will be her 1st loan from HSPFI. She plans to use the additional revenue generated to 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.



Loan details

Loan length:

11 months
Disbursed date: January 4, 2010
Facilitated by Field Partner: Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI)

Lenders and lending teams



Loan details

Loan length:

11 months
Disbursed date: January 4, 2010
Facilitated by Field Partner: Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI)