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Luz is from the village of Bonbon, Catarman, Camiguin Province. She is 41 years old. Luz is married and has 2 school-aged children. To make a living, Luz owns and operates a business buying and selling ready-to-wear clothing in the local community. Luz has been engaged in her business for over 7 years and earns approximately 7000 PHP a month.

In 2009, Luz joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Luz has successfully repaid a previous loan of 16000 PHP from HSPFI. The previous loan was used to purchase additional inventory and as working capital. Luz is requesting a new loan of 17000 PHP which she will use to purchase additional t-shirts and blouses to sell. This will be Luz's 5th loan from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her 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
  • 345
    View loans »
    Philippines Loans Fundraising
  • $65,961,850
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Luz to purchase additional t-shirts and blouses.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
May 18, 2011
May 27, 2011
Currency Exchange Loss:
Mar 15, 2012