Joy C. is from the village of Mambajao, Camiguin Province. She is 26 years old. Joy is single. Joy owns & operates a food production/sales business selling snacks & other delicacies in the local community. Joy has been engaged in her business for over 3 years and earns approximately 5,000 PHP a month.
In 2009, Joy joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Joy has successfully repaid a previous loan of 7,000 PHP from HSPFI. This previous loan was used to to purchase raw ingredients needed to make products for sale. Joy is requesting a new loan of 9,000 PHP which will also be used to purchase raw ingredients. This loan will be the 3rd loan taken out by Joy from HSPFI. She plans to use the additional revenue generated to improve and 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.