To make a living, Gaudencia owns and operates a business venture in the retail sector running a sari-sari (variety) retail store. Although not the only means for generating revenue, the main source of income for the business comes from selling both food and daily use products in the local community. Gaudencia has been engaged in her business for over 30 years and earns approximately 3,500 PHP a month for these activities.
In 2008, Gaudencia joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gaudencia has successfully repaid a previous loan of 17,000 PHP from HSPFI. Gaudencia is requesting a new loan of 20,000 PHP which will be used to expand her business. This loan will be the 6th loan taken out by Gaudencia from HSPFI. She plans to use the additional revenue generated from the business to supplement her family's income.
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.
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