Elenita B. is from the village of Lantay, Valencia Bukidnon. She is 33 years old. Elenita is married and has 3 school-aged children. To make a living, Elenita owns and operates a business venture in the retail sector running a sari-sari (variety) store. 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. Elenita has been engaged in her business for over 2 years and earns approximately 3,000 PHP a month for these activities.
In 2008, Elenita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Elenita has successfully repaid a previous loan of 8,000 PHP from HSPFI. Elenita is requesting a new loan which will be used to purchase additional products to sell. This loan will be the 3rd loan taken out by Elenita from HSPFI. She plans to use the additional revenue generated from the business to support the education of her children and supplement her income.
HSPFI is one of the 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.