In 2009, Felipe Jr. joined HSPFI to gain access to financial services; as a result, he was able to engage in business activities, and, in turn, to improve his family's standard of living. Felipe Jr. is requesting a loan in the amount of 5,000 PHP ($125), which will be used to purchase materials needed to provide his taxi service. This loan would be the first loan taken out by Felipe Jr. from HSPFI. He plans to use the additional revenue generated from the loan to improve/expand his 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