A loan of $200 helped to purchase additional fish to sell.

Leonardo's story

Leonardo Z. is from the village of Santa Cruz, Magsaysay, Misamis Oriental. He is 22 years old, married and has one infant-aged child. To make a living, Leonardo owns and operates a specialized retail store selling seafood products, including fish like sardines and milk fish, in the local community. Leonardo has been engaged in his business for over three years and earns approximately 12,000 PHP per month from these activities.

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

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Loan details