Conchita N. is from the village of Tuburan, Cagayan de Oro City. She is 41 years old. Conchita is married and has two school-age children. To make a living, Conchita owns a business making and and selling specialty food called binangkal in the local community. Conchita has been in business for over four years and earns approximately 3,000 PHP a month.
In 2008, Conchita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Conchita has successfully repaid a previous loan of 11,000 PHP from HSPFI. The previous loan was used to to purchase raw ingredients needed to make food items for sale. Conchita is requesting a new loan of 14,000 PHP, which will also be used to purchase raw ingredients needed to make food items. This loan will be the fourth loan taken out by Conchita from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
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.