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Modesta C. is from the village of Bog-ong, Mambajao, Camiguin Province. She is 51 years old and single. To make a living, Modesta owns and operates a a sari-sari (variety) retail store, buying and selling daily use products such as shampoo, soap, toothpaste, beverages, and snack foods in the local community. Modesta has been in business for over six years and earns approximately 10,000 PHP a month for these activities.

In 2009, Modesta joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Modesta has successfully repaid a previous loan of 16,000 PHP from HSPFI. This previous loan was used to to invest in expanding the business. Modesta is requesting a new loan of 19,000 PHP, which will be used to purchase additional inventory and for working capital. This loan will be the sixth loan taken out by Modesta from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is one of 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.

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
  • 364
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Modesta to purchase additional inventory and for working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Oct 19, 2010
Oct 24, 2010
Currency Exchange Loss:
Aug 15, 2011