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Cecilia B. is from the village of Agay-ayan, Gingoog City. She is 46 years old. Cecilia is married and has five adult children.

To make a living, Cecilia owns and operates a sari-sari (variety) retail shop, selling daily use products such as shampoo, soap, canned goods, snack foods, detergents and beverages in the local community. Cecilia has been engaged in her business for over 10 years and earns approximately 5,000 PHP a month.

In 2010, Cecilia joined HSPFI to gain access to financial services to help improve her business and living situation. Cecilia has successfully repaid a previous loan of 8,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and for working capital.

Cecilia is requesting a new loan of 11,000 PHP, which will be used to purchase additional products to sell like canned goods and biscuits. This loan will be the third loan taken out by Cecilia from HSPFI. She plans to use the additional revenue generated from the loan to improve and 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 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
  • 398
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Cecilia to purchase additional products to sell like canned goods and biscuits.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Mar 9, 2011
Mar 16, 2011
Currency Exchange Loss:
Jan 15, 2012