Rosalinda S. is from the village of Eastern Wao, Lanao del Sur. She is 47 years old. Rosalinda is married and has five school-aged children. To make a living, Rosalinda runs a sari-sari (variety) retail shop. The main source of income for the business comes from selling both food and daily-use products in the local community. Rosalinda has been engaged in her business for over two years and earns approximately 10,000 Philippine pesos a month for these activities.
In 2010, Rosalinda joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosalinda has successfully repaid a previous loan of 5,000 PHP from HSPFI, a Kiva partner. This previous loan was used to purchase additional inventory and working capital.
Rosalinda is requesting a new loan of 7,000 PHP, which will be used to purchase additional products to sell. This will be the second loan taken out by Rosalinda from HSPFI. She plans to use the additional revenue generated from the business to supplement 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.