Delia M. is from the town of Catarman, Camiguin Province. She is 40 years old. Delia is married and has 2 school-aged children. To make a living, Delia owns and operates a business venture in the food sector, making and selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling snacks and other delicacies in the local community. Delia has been engaged in her business for over 1 year and earns approximately 3,000 PHP a month for these activities.
In 2009, Delia joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Delia has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used as additional working capital. Delia is requesting a new loan of 8,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the 2nd loan taken out by Delia from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of her family.
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.