Leonisa B. is from the village of Minongan, Quezon Bukidnon. She is 42 years old, married and has five adult-aged children. To make a living, Leonisa owns and operates a business venture in the retail sector running a sari-sari (variety) shop. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Leonisa has been engaged in her business for over 8 years and earns approximately 10,000 PHP per month for these activities.
In 2006, Leonisa joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Leonisa has successfully repaid a previous loan of 15,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell. Leonisa is requesting a new loan of 20,000 PHP which will be used to invest in expanding the business. This loan will be the 12th loan taken out by Leonisa 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.