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With her desire to increase the family income, Sheryl M. decided to start up a business. She is 25 years old and is presently residing at Balite, Sagay, Camiguin Province. Sheryl is a single parent and has 1 child to feed. She is very proud to be an entrepreneur in their village; she used to sell dried fish and dried squid. As of the moment, Sheryl buys and sells other products, because she doesn't have enough capital for this kind of business.

Now, she needs an additional capital amounting to PHP 10,000 to purchase boxes of dried fish and squid and also to buy fresh fish. With the profit, Sheryl is planning to enroll in the Social Security System; for her family's health and security.

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
  • 398
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 48.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Sheryl to purchase dried fish and squid for re-sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 27, 2009
Mar 10, 2009
Currency Exchange Loss:
Jan 15, 2010