Annielyn R. is from the village of San Simon, Cagayan de Oro City. She is 29 years old. Annielyn is married and has a school-aged child. To make a living, Annielyn buys and sells ready-to-wear clothing and shoe products in the local community. Annielyn has been engaged in her business for over five years and earns approximately 10,000 Philippines pesos (PHP) a month from it.
In 2009, Annielyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Annielyn has successfully repaid a previous loan of 7,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell.
Annielyn is requesting a new loan of 10,000 PHP, which will be used to purchase additional inventory and as working capital. This will be the fifth loan taken out by Annielyn from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her 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.