A loan of $500 helped to invest in expanding the business.

Jeany's story

Mrs. Jeany P. is from the village of Lapasan, Cagayan de Oro City. She is 40 years old. Jeany is married and has 4 school-aged children. To make a living, Jeany owns & operates a specialized retail store. The main source of income for the business comes from buying and selling processed foods like processed pork ('longganiza' and chorizo--sausages) as well as hot dogs. Sometimes she also sells ready-to-wear items like pants, shirts, and more in the local community. Jeany has been engaged in her business for over 10 years and earns approximately 15,000 PHP a month for these activities.

In 2008, Jeany joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jeany has successfully repaid a previous loan of 20,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Jeany is requesting a new loan of 23,000 PHP which will be used to invest in expanding the business. This will be the 7th loan taken out by Jeany from HSPFI. She plans to use the additional revenue generated from the business 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 reaches 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.

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