To make a living, Lusviminda operates a specialized retail store. The main source of income for this business is from selling scrap metal and other used products in the local community. Lusviminda has been engaged in her business for over eight years and she earns approximately 3,000 PHP a month.
In 2009, Lusviminda joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lusviminda is requesting a loan of 5000 PHP which she will use to purchase additional products to sell. This loan will be her first from HSPFI. She plans to use the additional revenue generated from the business to support the education of her children.
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.
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