Amalia B. is from the village of Guinsiliban, Camiguin Province. She is 47 years old and married with two adult children. To make a living, Amalia runs a sari-sari (variety) retail shop selling both food and daily use products. Amalia has been engaged in her business for over two years and earns approximately 5000 PHP a month.
In 2010, Amalia joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Amalia is requesting a loan of 7000 PHP which will be used to purchase additional products to sell. This will be the first loan taken out by Amalia from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
HSPFI is an accredited partner 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.