Leonilo M. is from the village of Kuguita, Mambajao, Camiguin Province. He is 34 years old. Leonilo is married and has 2 school-aged children. To make a living, Leonilo owns and operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing repair services, such as selling motor parts to local community members. Leonilo has been engaged in his business for over 5 years and earns approximately 7,500 PHP a month for these activities.
In 2010, Leonilo joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Leonilo is requesting a new loan of 5,000 PHP, which will be used to purchase materials needed to provide service. This loan will be the 1st loan taken out by Leonilo 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.