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Charlita J. is from the village of Talisay, Gingoog City. She is 40 years old. Charlita is married and has two school-aged children. To make a living, Charlita owns & operates a mini-restaurant. While not the only means for generating revenue, the main source of income for the business comes from serving a variety of different meals to customers like "adobo" & "afritada" in the local community. She also runs a retail store selling canned goods & snack foods. Charlita has been engaged in her businesses for over 5 years and earns approximately 4000 PHP a month for these activities.

In 2008, Charlita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Charlita has successfully repaid a previous loan of 10,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Charlita is requesting a new loan of 12,000 PHP which will be used to purchase food & drinks for the restaurant. This will be the 4th loan taken out by Charlita from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her businesses.

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
  • 381
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Charlita to purchase food & drinks for the restaurant.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Feb 18, 2011
Feb 25, 2011
Currency Exchange Loss:
Dec 15, 2011