Evelyn D. C. is from the village of El Salvador, Misamis Oriental. She is 32 years-old and married with two school-aged children. To make a living, Evelyn owns and operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes from providing food services to local community members. Evelyn has been engaged in her business for over eleven years and earns approximately 3,500 PHP a month.
In 2009, Evelyn joined Kiva partner HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Evelyn has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to provide additional working capital. Evelyn is requesting a new loan of 8,000 PHP which will be used to invest in renovating the business. This loan will be the second loan taken out by Evelyn from HSPFI. She plans to use the additional revenue generated from the business to supplement the family income.
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.