Thlema D. is from the village of Lower Cogon, Agoho, Camiguin Province. She is 47 years old. Thlema is married and has six adult children. To make a living, Thlema buys and sells coco husks, which are used for making household furniture like floor mats. Thlema has been engaged in her business for over two years and earns approximately 4,000 Philippines pesos (PHP) a month from it.
In 2009, Thlema joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Thlema has successfully repaid a previous loan of 7,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell.
Thlema is requesting a new loan of 10,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the 3rd loan taken out by Thlema from HSPFI. She plans to use the additional revenue generated from the business to improve/expand it.
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.