Juvy D. is from the village of Manticao, Misamis Oriental. She is 50 years old. Juvy is married and has 9 children in which 4 of whom are still studying. To make a living, Juvy owns and operates a service-based business. The main source of income for the business comes from providing shoe-making services to local community members. Juvy has been engaged in her business for over three years and earns approximately 5,000 Philippine pesos a month for these activities.
In 2010, Juvy joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Juvy is requesting a loan of 5,000 PHP, which will be used to invest in expanding the business. This will be the first loan taken out by Juvy from HSPFI, a Kiva partner. She plans to use the additional revenue generated from the business to support the education of her children.
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.