Ni ketut Suci Ariani - is a 29 year-old female living in the town of Tukadaya. Ni ketut Suci Ariani is the group leader of a 10-member group loan offered by DINARI. While each member of the group receives an individual loan, they all are responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Segara Mandala (DNR.M-0695).
Jocelyn G. is from the town of Gimaylan, Libertad Misamis Oriental. She is 33 years old. Jocelyn is married and has 2 school-aged children. To make a living, Jocelyn owns & operates a business raising pigs for sale. Jocelyn has been engaged in her business for over a year and earns approximately 5000 PHP a month for these activities.
In 2008, Jocelyn joined HSPFI to gain access to financial services to help improve her living situation and to engage in business activities. Jocelyn has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to purchase baby livestock to raise & sell. Jocelyn is requesting a new loan of 11000 PHP to be used to invest in expanding the business. This will be the 3rd loan taken out by Jocelyn from HSPFI. She plans to use the additional revenue generated to supplement the income of the 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.