Lorna S. is from the village of Talakag , bukidnon. She is 49 years old, married and has 5 adult-aged children. To make a living, Lorna owns a sari-sari (variety) retail shop. Lorna has been in her business for over 5 years and earns approximately 5000 PHP a month..
In 2009, Lorna joined HSPFI to access to financial services to improve her living situation and to engage in business activities. Lorna has successfully repaid a previous loan of 5000 PHP from HSPFI to purchase additional products to sell. Lorna is requesting a new loan of 8000 PHP to expand her business. This loan will be the 2nd from HSPFI. She plans to use the additional revenue generated from the business to expand her 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.
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.