Ricardo Y. is from the village of Jampason, Initao, Misamis Oriental. He is 55 years old, married and has 5 adult children. Ricardo owns & operates a business venture, catching and selling ocean caught fish like milkfish, sardines, mackerel and tuna. Ricardo has been engaged in his business for over 10 years and earns approximately 10,000 PHP a month.
In 2010, Ricardo joined HSPFI to gain access to financial services to help improve his living situation and his ability to engage in business activities. He is requesting a new loan of 5,000 PHP which will be used to purchase additional products to sell. This loan will be his 1st loan from HSPFI. He plans to use the additional revenue generated 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, 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.