A loan of $400 helped to purchase additional products to sell.

Mila's story

Mila L. is from the village of Pigsag-an, Cagayan de Oro City. She is 42 years old, separated from her spouse, and has one school-aged child. To make a living, Mila owns and operates a sari-sari (variety) retail shop. The main source of income for the business comes from selling both food and daily use products in the local community. Mila has been engaged in her business for over a year and earns approximately 3,500 PHP per month from these activities.

In 2008, Mila joined Kiva partner, HSPFI, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 14,000 PHP from HSPFI. This loan was used to purchase additional inventory and as working capital. Mila is requesting a new loan of 17,000 PHP, which will be used to purchase additional products to sell. This loan will be her fifth from HSPFI. She plans to use the additional revenue generated from the business to supplement her family's income.


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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