Maghamil C. is from the village of Tuod, Manticao, Misamis Oriental. She is 29 years old. Maghamil is married and has four infant children. To make a living, Maghamil sells specialty snack food products in the local community. Maghamil has been in business for over eight years and earns approximately 6,000 PHP a month.
In 2008, Maghamil joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maghamil has successfully repaid a previous loan of 4,000 PHP from HSPFI. This previous loan was used to to purchase raw ingredients needed to make food items for sale. Maghamil is requesting a new loan of 6,000 PHP, which will be used to invest in expanding her business. This loan will be the second loan taken out by Maghamil from HSPFI. She plans to use the additional revenue generated from the business to supplement her family's income.
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.