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Rizza O. is from the village of Samay, Gingoog City. She is 31 years old. Rizza is single and has three school-aged children. To make a living, Rizza owns & operates a bakeshop. While not the only means for generating revenue, the main source of income for the business comes from baking & selling a variety of staple products including bread in the local community. Rizza has been engaged in her business for over three years and earns approximately 3000 PHP a month for these activities.

In 2011, Rizza joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rizza is requesting a loan of 4000 PHP which will be used to purchase additional cooking ingredients such as flour and eggs. This will be the 1st loan taken out by Rizza from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

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
  • 358
    View loans »
    Philippines Loans Fundraising
  • $70,814,925
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Rizza to purchase additional cooking ingredients like flour and eggs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Feb 11, 2011
Feb 17, 2011
Currency Exchange Loss:
Aug 15, 2011