Fe B. is from the village of Wao Lanao del Sur. She is 28 years old. Fe is married and has two school-aged children. To make a living, Fe operates a service-based business. The main source of income for the business comes from providing motorcycle services to transport passengers in the local community. The service is done by her husband with their motorcycle. Fe has been engaged in her business for more than two years and earns approximately 4,000 Philippine pesos (PHP) a month from it.
In 2010, Fe joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Fe has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to purchase materials needed to provide service.
Fe is requesting a new loan of 8,000 PHP, which will be used to invest in expanding the business. This will be the second loan taken out by Fe from HSPFI. She plans to use the additional revenue generated from the business to improve/expand it.
HSPFI is one of 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.