Maria W. is from the village of Dalipuga, Iligan City. She is 46 years old and married, with 11 adult-aged children. To make a living, Maria owns and operates a specialized retail store. While not the only means for generating revenue, her main source of income comes from selling fruits like mangoes. Maria has been engaged in her business for more than 15 years and earns approximately 10000 PHP a month.
In 2009, Maria joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maria is requesting a loan of 5000 PHP to invest in expanding the business. This loan will be the first loan taken out by Maria from HSPFI.
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.