Josefina D. is from Barangay 25, Pandan, Gingoog City. She is 39 years old and is married with eleven school-aged children.
Josefina owns and operates a sari-sari (variety) retail shop, selling both food and daily-use products in the local community. She has been engaged in her business for over twenty years and earns approximately 7,000 PHP a month.
In 2009, Josefina joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 11,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell.
Josefina is requesting a new loan of 12,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 4th from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her 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, Kiva created this template for our Field Partner 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.