Lelibeth E. is from the village of Del Carmen, Iligan City. She is 28 years old. Lelibeth is married and has an infant child. To make a living, Lelibeth owns and operates a business venture in the food sector making and selling food. While not the business’s only means of generating revenue, the main source of income for the business is selling snacks and other delicacies in the local community. Lelibeth has been engaged in her business for over three years and earns approximately 4,000 PHP per month for these activities.
In 2009, Lelibeth joined HSPFI to gain access to financial services to help improve her living situation and for the ability to engage in business activities. She is requesting a new loan of 5,000 PHP which will be used to purchase additional products to sell. This loan will be the first loan taken out by Lelibeth from HSPFI. She plans to use the additional revenue generated to improve and expand her business.
About HSPFI: 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.
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.