To make a living, Marvic operates a computer services business for local community members. Marvic also runs a t-shirt printing business.
Marvic joined HSPFI to help improve his living situation and ability to engage in business activities. Marvic successfully repaid his first loan of 5000 PHP from HSPFI.which he invested in expanding his business.
Marvic is requesting his second loan from HSPFI, for 8000 PHP, to use as working capital and to purchase additional inventory.
He plans to use the additional revenue generated from the business to save as a reserve for future emergencies.
HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches out to the poor households of Northern Mindanao.
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, Kiva created this template for our Field Partner 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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Success!! The loan was 100% repaid