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Luzviminda S., 37, is from the village of Laligan, Valencia City, Bukidnon. She is married and has four school-aged children. To make a living, Luzviminda owns and operates a specialized retail store. The main source of income for the business comes from buying and selling used clothing, shoes, blankets and sandals in the local community. Luzviminda has been engaged in her business for over six years and earns approximately 10,000 PHP a month from these activities.

In 2008, Luzviminda joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Luzviminda has successfully repaid a previous loan of 14,000 PHP from HSPFI which she used to purchase additional inventory and as working capital. Luzviminda is requesting a new loan of 16,000 PHP to purchase additional products to sell such as t-shirts and blouses. This will be her fifth loan from HSPFI. She plans to use the additional revenue generated 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.

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
  • 381
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Luzviminda to purchase additional products to sell such as t-shirts and blouses.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 14, 2010
Dec 14, 2010
Currency Exchange Loss:
Sep 15, 2011