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Merlina T. is from the village of Sta. Cruz, Magsaysay, Misamis Oriental. She is 43 years old. Merlina is married and has 2 school-aged children. She owns & operates a sari-sari (variety) retail shop where she sells shampoo, soap, canned goods, beverages, snack food & baby diapers. Merlina has been engaged in her business for over 3 years and earns approximately 7,000 PHP a month.

In 2009, Merlina joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 9,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory & provide working capital. She is requesting a new loan of 11,000 PHP which will be used to purchase additional products like canned goods & snack food. This 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 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.

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
  • 352
    View loans »
    Philippines Loans Fundraising
  • $70,673,000
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Merlina to purchase additional products like canned goods & snack food.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
May 4, 2011
May 6, 2011
Currency Exchange Loss:
Mar 15, 2012