Olivia M. is from the city of Lumbia, Cagayan de Oro. She is 30 years old. Olivia is married and has one school-aged child. To make a living, Olivia owns & operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling fruits and vegetables. Olivia has been engaged in her business for over two years and earns approximately 5000 PHP a month for these activities.
In 2009, Olivia joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Olivia has successfully repaid a previous loan of 5000 PHP from HSPFI. This previous loan was used to purchase additional products to sell. Olivia is requesting a new loan of 8000 PHP, which will be used to invest in expanding the business. This loan will be the second loan taken out by Olivia from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.
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.
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.