In 2010 Mary joined HSPFI to gain access to its financial services. She successfully repaid a previous loan of 5000 PHP from HSPFI that was used to buy materials needed to provide service. Mary is requesting a new loan, her second from HSPFI, of 8000 PHP which will be used to invest in expanding the business. She plans to use the additional revenue generated to further expand her business.
HSPFI is an accredited partner 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it 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.
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