Ador A. is from the village of San Antonio, Talakag Bukidnon. He is 56 years old. Ador is married and has 4 adult children. Ador operates a family member's taxi business. The main source of income for the business comes from providing transportation services through a "habal-habal" to the local community (a habal-habal is a motorcycle with an extended seat that carries 2-6 passengers). Ador has been engaged in his business for over 25 years and earns approximately 3,000 Philippine pesos (PHP) a month (about $65) for these activities.
In 2010, Ador joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business. Ador is requesting a loan of 5,000 PHP which will be used to purchase materials needed to provide service. This loan will be the first loan Ador has taken out from HSPFI. He plans to use the additional revenue generated from the business to improve and expand the business.
HSPFI is one of 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.