Madelyn V. is from the village of Villa Felipa, Magsaysay, Misamis Oriental. She is 31 years old, is married, and has one school-aged child.
Madelyn owns and operates a business raising chickens for sale. She has been engaged in her business for over three years and earns approximately 3,500 PHP a month.
In 2005, Madelyn joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 15,000 PHP from HSPFI.
Madelyn is requesting a new loan of 16,000 PHP which will be used to purchase more chicks to raise and sell. This loan will be her 6th from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of her family.
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, Kiva created this template for our Field Partner 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.