In 2008, Jessica joined HSPFI to gain access to financial services; as a result, she was able to engage in business activities, and, in turn, to improve her family's standard of living. Importantly, Jessica has successfully repaid a previous loan in the amount of 9,000 PHP from HSPFI. In fact, this loan that she is now seeking would be the fourth loan taken out by Jessica from HSPFI. Jessica is requesting another loan from HSPFI, this time in the amount of 11,000 PHP ($250), to purchase new items so that she can expand her product offerings. She plans to use the additional revenue generated from the loan to improve/expand her business.
About HSPFI: HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City, and its mission is to assist the poor households of Northern Mindanao.
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