Jeffrey R. is from the village of Sabang in Bonbon, Catarman Camiguin Province. He is 33 years old. Jeffrey is married and has 3 school-aged children. To make a living, Jeffrey catches and sells seafood, including fish and shrimp, in the local community. Jeffrey has been engaged in his business for over 12 years and earns approximately 3,500 PHP a month from these activities.
In 2008, Jeffrey joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Jeffrey has successfully repaid a previous loan of 7,000 PHP from HSPFI. Jeffrey is requesting a new loan of 10000 PHP to buy more fishing nets for his business. This loan will be the 3rd loan taken out by Jeffrey from HSPFI. He plans to use the additional revenue generated from the business to supplement his family's income.
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.