Angelina B. is from the town of Lingating, Baungon, Bukidnon. She is a 55-year-old married mother of 4 adult-aged children. Angela operates a food stall. She sells fish, vegetables, and other goods in the local market. Angelina has been engaged in her business for over 3 years and earns approximately 10,000 Philippine pesos (or about $210 US) a month for these activities.
In 2007, Angelina joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Angelina has successfully repaid a previous loan of 14,000 pesos (or about $300) from HSPFI. This previous loan was used to purchase additional inventory and provide working capital. Angelina is requesting a new loan of 17,000 pesos (or about $375) which will be used to purchase additional inventory and provide working capital. This loan will be the 6th loan Angelina has taken out from HSPFI. She plans to use the additional revenue generated from the business to help support 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.