Mirasol D. is from the village of Pangantucan, Bukidnon. Mirasol is married and has two school-aged children. To make a living, Mirasol owns and operates a specialized retail store in the retail sector. While not the only means for generating revenue, the main source of income for the business comes primarily from selling seafood products, including fish and shrimp, in the local community. Mirasol has been engaged in her business for over three years and earns approximately 10,000 PHP a month for these activities.
In 2008, Mirasol joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Mirasol has successfully repaid a previous loan of 14,000 PHP from HSPFI. She used her previous loan to purchase additional products to sell. Mirasol is requesting a new loan of 14,000 PHP, which she will use to invest in expanding her business. This loan will be Mirasol's fifth loan from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.
HSPFI is an accredited partner 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.