Concordio T. is from the village of Iniawon, Kadingilan, Bukidnon. He is 48 years old. Concordio is married and has eight adult children. To make a living, Concordio raises livestock. The main source of income for his business comes primarily from raising pigs for sale. Concordio has been engaged in his business for more than 20 years and earns approximately 8000 PHP a month for these activities.
In 2009, Concordio joined HSPFI to gain access to financial services to help improve his living situation and his ability to engage in business activities. Concordio has successfully repaid a previous loan of 7000 PHP from HSPFI. This previous loan was used to purchase baby livestock to raise and sell in the future. Concordio is requesting a new loan of 8000 PHP, which will be used to purchase additional animals. This loan will be the third loan taken out by Concordio from HSPFI. He plans to use the additional revenue generated from the business to improve/expand his business.
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.