Cynthia P. is from the village of Francfort, Bumbaran, Lanao del Sur. She is 47 years old. Cynthia is married and has 7 adult-aged children. To make a living, Cynthia owns and operates a sari-sari (variety) store, selling food and daily-use products in the local community. Cynthia has been engaged in her business for more than 6 years and earns approximately 12,000 PHP a month.
In 2008, Cynthia joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Cynthia has successfully repaid a previous loan of 12,000 PHP from HSPFI. This previous loan was used as working capital and to purchase additional inventory. Cynthia is requesting a new loan of 15,000 PHP, to purchase additional products to sell. This loan will be the 5th loan taken out by Cynthia from HSPFI. She plans to use the additional revenue generated from the business to supplement her family's 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.