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Marites is 39 years old, married and has two children. For the past five years Marites has been making and selling snacks such as rice cakes, hot cakes and rice candy.

Marites is a new member of HSPFI. She is applying for a 5,000 PHP loan from HOFOKAM to buy ingredients such as sugar, butter, flour and rice to produce her snacks. Her ambition is to grow her snack business.

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
  • 327
    View loans »
    Philippines Loans Fundraising
  • $66,017,500
    Funds lent in using Kiva
  • 41.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Marites to buy raw ingredients in making snacks.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 31, 2012
Aug 7, 2012
Currency Exchange Loss:
Jan 15, 2013