A loan of $250 helped to purchase additional inventory & working capital for the business.


Melesa's story

Melesa B. is from the village of Talisay, Gingoog City. She is 32 years old. Melesa is separated from spouse and has 4 school-aged children. To make a living, Melesa owns & operates a retail store, buying and selling daily use products such as shampoo, soap, toothpaste, junkfoods & instant noodles in the local community. She buys and sells fruit like watermelon, sweet bananas She also buys and sells firewood. Melesa has been engaged in her business for over 9 years and earns approximately 7000 PHP a month for these activities.

In 2010, Melesa joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Melesa has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to purchase additional inventory & working capital. Melesa is requesting a new loan of 10000 PHP which will be used to purchase additional inventory & working capital for the business. This will be the 5th loan taken out by Melesa from HSPFI. She plans to use the additional revenue generated from the business to improve and 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.



Loan details

Loan length:

12 months
Disbursed date: October 21, 2010
Facilitated by Field Partner: Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI)

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: October 21, 2010
Facilitated by Field Partner: Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI)