Marichill B. is from the village of Kabuhi, Pandan, Mambajao, Camiguin Province. She is 37 years old. Marichill is married. To make a living, Marichill owns & operates a sari-sari (variety) retail store. The main source of income for the business comes primarily from selling both food & daily use products in the local community. Marichill has been engaged in her business for over seven years and earns approximately 3,000 PHP a month for these activities.
In 2010, Marichill joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marichill is requesting a loan of 4,000 PHP, which will be used to invest in expanding the business. This loan will be the first loan taken out by Marichill from HSPFI. She plans to use the additional revenue generated from the business to improve/expand the borrower's 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.