In 2008, Melodina joined HSPFI to gain access to its financial services. She is requesting a loan, her fourth, of 11000 PHP from HSPFI which she will use to purchase additional products to sell. Melodina successfully repaid a previous loan of 11,000 PHP from HSPFI, which was used to buy ingredients for the food she sells. She plans to use the additional revenue generated from her business to pay for her children’s education.
HSPFI is an accredited partner 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it 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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