Wenifreda A. is from the village of Mibantang, Quezon, Bukidnon. She is 56 years old. Wenifreda is married and has 7 grown children. To make a living, Wenifreda owns & operates a mini-restaurant, serving a variety of different meals to customers in the local community. Wenifreda has been engaged in her business for over 7 years and earns approximately 10000 PHP a month for these activities.
In 2009, Wenifreda joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Wenifreda has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to purchase food & drinks for the restaurant. Wenifreda is requesting a new loan of 14000 PHP which will be used to invest in expanding the business. This will be the 4th loan taken out by Wenifreda from HSPFI. She plans to use the additional revenue generated from the business to improve and expand 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.