Marlyn T. is from the village of Cabuan, Guinsiliban, Camiguin Province. She is 42 years old and separated with three school-aged children. To make a living, Marlyn owns and operates a sari-sari (variety) retail shop. Her main source of income comes primarily from selling food and daily use products in the local community. Marlyn has been engaged in her business for over two years and earns approximately 4,000 PHP a month.
Marlyn joined Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) in 2010 to gain access to financial services to help improve her living situation and ability to engage in business activities. Marlyn is requesting a loan of 5,000 PHP which will be used to purchase additional products to sell and to provide working capital. This loan will be the first loan taken out by Marlyn from HSPFI. She plans to use the additional revenue generated with her loan 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.