Rebecca A. is from the village of Bulwa, Medina, Misamis Oriental. She is 56 years old. Rebecca is married and has 12 adult-aged children. To make a living, Rebecca owns & operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling ready to wear clothes and also dealing Natasha and Avon in the local community. Rebecca has been engaged in her business for over 10 years and earns approximately 8000 PHP a month for these activities.
In 2008, Rebecca joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rebecca has successfully repaid a previous loan of 5000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Rebecca is requesting a new loan of 10000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 6th loan taken out by Rebecca from HSPFI. She plans to use the additional revenue generated from the business to improve/expand the 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.