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Rene V. is from the village of Bobontugan, Jasaan, Misamis Oriental. She is 56 years old. Rene is married and has 2 adult children. To make a living, Rene sells green bananas and coconuts for copras in the local community. She has been engaged in her business for over 10 years and earns approximately 8000 PHP a month from these activities.

In 2009, Rene joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rene has successfully repaid a previous loan of 4000 PHP from HSPFI. This previous loan was used to purchase additional inventory & to fund working capital.

Rene is requesting a new loan of 14000 PHP, which will be used to purchase additional coconuts & bananas to sell. This loan will be her 4th loan from HSPFI. She plans to use the additional revenue generated to improve/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
  • 551
    View loans »
    Philippines Loans Fundraising
  • $69,906,675
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Rene to purchase coconuts and bananas to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Mar 23, 2011
Mar 25, 2011
Currency Exchange Loss:
Jan 15, 2012