Myrna M. is from the village of Poblacion, Valencia City, Bukidnon. She is 42 years old. Myrna is married and has four school-aged children. To make a living, Myrna makes and sells snacks and other delicacies such as chicharron, macaroni crunch, and nata de coco ice candy. She sells these items in her local community. Myrna has been engaged in her business for more than two years and earns approximately 9,000 PHP a month for these activities.
In 2010, Myrna joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Myrna is requesting a new loan of 5,000 PHP, which will be used to purchase raw ingredients needed to make products for sale. This loan will be the first loan taken out by Myrna 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.