In 2009, Geronimo joined HSPFI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Geronimo has successfully repaid a previous loan of 5000 pesos from HSPFI. This previous loan was used to to purchase new items to expand his product offering. Geronimo is requesting a new loan of 8000 pesos which will be used to invest in expanding the business. This will be his second loan from HSPFI. He plans to use the additional revenue generated from the business to improve and expand his business.
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.
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