In 2009, Irenita joined HSPFI in order to gain much-needed access to financial services and, in turn, to help improve her living situation and ability to engage in business activities. This loan is the first loan she is seeking via HSPFI. Indeed, Irenita is requesting a loan in the amount of 5,000 PHP ($125), which will be used to expand her business. She plans to use the additional revenue generated from the business as a result of the loan to supplement her family's income.
About HSPFI: HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and its purpose is to provide financial assistance to the poor households of Northern Mindanao.
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.
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