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Excel A. is from the village of Barangay 17, Gingoog City. He is 38 years old. Excel is married and has three school-aged children.

To make a living, Excel buys and sells prepaid cell phone credits. He also sells firewood and coconut husks for love bird nests. Excel has been engaged in his business for over seven years and earns approximately 5,000 PHP a month.

In 2009, Excel joined HSPFI to gain access to financial services to help improve his business and living situation. Excel has successfully repaid a previous loan of 10,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and for working capital.

Excel is requesting a new loan of 5,000 PHP, which will be used to purchase additional cell phone credits and firewood. This will be the fourth loan taken out by Excel from HSPFI. He plans to use the additional revenue generated from the loan to improve and expand his 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
  • 440
    View loans »
    Philippines Loans Fundraising
  • $69,632,850
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Excel to purchase additional cell phone credits and firewood to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 12, 2011
Apr 15, 2011
Currency Exchange Loss:
Sep 15, 2011