Ann L. is from the village of Mamajaov, Camiguin Province. She is twenty-seven years old. Ann is married and has an infant child. To make a living, Ann 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. Ann has been engaged in her business for over two years and earns approximately 4,000 PHP each month for these activities. (This photo was taken of Ann with with their pump boat, which she uses for fishing.)
In 2009, Ann joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Ann has successfully repaid a previous loan of 5,000 PHP from HSPFI. She used her previous loan to purchase additional products to sell. Ann is requesting a new loan of 8,000 PHP, which she will use to invest in expanding her business. This loan will be Ann's second loan from HSPFI. She plans to use the additional revenue generated from her business to improve and 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.