Lourdes C. is from the village of Catarman, Camiguin Province. She is 31 years old. Lourdes is married and has four school-aged children. To make a living, Lourdes owns & operates a sari-sari (variety) retail shop selling both food & daily use products in the local community. Lourdes is just starting this business. Lourdes was engaged in buying and selling coconut in her previous business. This time she has a sari-sari store business.
In 2009, Lourdes joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lourdes has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell. Lourdes is requesting a new loan of 6,000 PHP, which will be used to invest in expanding the business. This loan will be the second loan taken out by Lourdes from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her 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.