A loan of $200 helped to purchase additional canned goods and instant noodles.

Marichel's story

Marichel A. is from the village of Sorosoro, Maribucao, Camiguin Province. She is 48 years old, married and has four school-aged children. To make a living, Marichel owns and operates a sari-sari (variety) retail shop selling canned goods, junk foods, detergents, biscuits and candies in the local community. Marichel has been engaged in her business for over six years and earns approximately 7,000 PHP per month from these activities.

In 2010, Marichel joined Kiva partner, HSPFI, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from HSPFI. This loan was used to purchase additional inventory and as working capital. Marichel is requesting a new loan of 8,000 PHP, which will be used to purchase additional canned goods and instant noodles. This loan will be her second from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.


HSPFI is one of the 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.

Loan details

Lenders and lending teams

Loan details