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Carmencita G. is from the village of Quiboro, Mambajao, Camiguin Province. She is 29 years old. Carmencita is married and has 3 school-aged children. To make a living, Carmencita owns & operates a sari-sari (variety) retail shop selling food & daily use products in the local community. Carmencita has been engaged in her business for over 5 years and earns approximately 7,000 PHP a month for these activities.

In 2008, Carmencita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Carmencita has successfully repaid a previous loan of 17,000 PHP from HSPFI. This previous loan was used to invest in expanding the business. Carmencita is requesting a new loan of 18,000 PHP which will be used to purchase additional products to sell. This will be the 7th loan taken out by Carmencita from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of the family.

About HSPFI:

HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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
  • 363
    View loans »
    Philippines Loans Fundraising
  • $70,796,875
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Carmencita to purchase additional products to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jun 14, 2010
Jun 25, 2010
Currency Exchange Loss:
Apr 15, 2011