A loan of $300 helped to purchase additional products to sell.

Marivic's story

Marivic P. is from the village of Taglimao, Cagayan de Oro City. She is 30 years old. Marivic is married and has 3 adult-aged children. To make a living, Marivic owns and operates a business venture in the retail sector, running a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes primarily from selling both food and daily use products in the local community. Marivic has been engaged in her business for over 12 years and earns approximately 10,000 PHP a month for these activities.

In 2008, Marivic joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marivic has successfully repaid a previous loan of 10,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell. Marivic is requesting a new loan of 13,000 PHP which will be used to purchase additional products to sell. This loan will be the 3rd loan taken out by Marivic from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.

About HSPFI:

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.

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