Jovelyn S. is from the village of Guinsiliban, Camiguin Province. She is 21 years-old and married with one baby. Jovelyn owns and operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes from selling food and daily use products in the local community. Jovelyn is just starting this business.
In 2009, Jovelyn joined Kiva partner HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jovelyn is requesting a first loan of 4,000 PHP which will be used to invest in expanding the business. She plans to use the additional revenue generated to improve and expand her business.
HSPFI is one of the 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.