Marife D. lives in the village of Hinaplanan, Claveria, Misamis Oriental. She is 38 years old, married and has two school-aged children. She makes a living running a specialized store where she buys and sells bananas. Marife has been in this line of work for more than eight years and earns approximately 10,000 PHP a month.
In 2008, Marife joined HSPFI to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid five previous loans from HSPFI and is applying for a new one, for 5,000 PHP, to buy additional items to sell to her customers. She plans to use the additional income made possible by this loan to continue expanding her business.
HSPFI is one of 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.