Lorna G. is from the village of Mambajao, Camiguin Province. She is 49 years old. Lorna is married and has 9 grown-up children. To make a living, Lorna makes and sells snacks and other delicacies in the local community. Lorna has been engaged in her business for over 4 years and earns approximately 5000 PHP a month for these activities.
In 2009, Lorna joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lorna has successfully repaid a previous loan of 6000 PHP from HSPFI. This previous loan was used to to purchase raw ingredients needed to make products for sale. Lorna is requesting a new loan of 9000 PHP which will be used to invest in expanding the business. This loan will be the 3rd loan taken out by Lorna from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
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.