Chilbert B. is from the village of Balbagon, Mambajao, Camiguin Province. He is 43 years old and is married with three school-aged children.
Chilbert owns and operates a business providing boarding house accommodation, primarily offering bed and space to local community members. He has been engaged in his business for over seven years and earns approximately 10,000 PHP a month.
In 2009, Chilbert joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 11,000 PHP from HSPFI. This previous loan was used to to purchase materials needed to provide service.
Chilbert is requesting a new loan of 14,000 PHP which will be used to invest in expanding his business. This loan will be his 4th from HSPFI. He plans to use the additional revenue generated from the business to improve and 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, 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.