Elsie A. is from the town of Tagoloan, Misamis Oriental. She is 39 years old. Elsie is married and has 10 adult children. To make a living, Elsie owns & operates a business selling specialty food products in the local community. Elsie has been engaged in her business for over a year and earns approximately 6,000 PHP a month for these activities.
In 2009, Elsie joined HSPFI to gain access to financial services to help improve her living situation and to engage in business activities. Elsie is requesting a new loan of 5000 PHP. She will purchase the raw ingredients that are needed to make the homemade food products that she has for sale in her small food stall. This loan will be the 1st loan taken out by Elsie from HSPFI. She plans to use the additional revenue generated from the business to support needs of her family.
HSPFI is one of 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.