Hilario P. is from the village of Kiburiao, Quezon Bukidnon. He is 43 years old. Hilario is married and has school-aged children. To make a living, Hilario owns and operates a business running a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Hilario has been engaged in his business for over five years and earns approximately 15,000 PHP a month for these activities.(Hilario was out of town during the picture taking, so we let his wife represent him, being a partner in their business.)
In 1997, Hilario joined HSPFI to have access to financial services. As to their previous loan, Helario and his wife are both happy and thankful for all the Kiva lenders who provide financial support. With this support, their business is growing and making more progress than before. They are hopeful that lenders may continue to finance their business activities. They have just ended their previous loan amounting to PHP 20,000. Hilario is requesting a new loan of 20000 PHP, which will be used to purchase additional products to sell. This loan will be the 15th loan taken out by Hilario from HSPFI. He plans to use the additional revenue generated from the business to supplement income of the family, educational expenses of the children and savings for future emergencies.
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.