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Ernalyn D. is from the village of Hinaplanon, Baikingon, Cagayan de Oro City. She is 37 years old. Ernalyn is married and has three school-aged children. To make a living, Ernalyn makes and sells Filipino snack delicacies like biko and rice cakes. She also buys and sells a variety of vegetables. Ernalyn has been engaged in her business for more than three years and earns approximately 8000 PHP a month.

In 2009, Ernalyn joined HSPFI to gain access to financial services to help improve her business and living situation. Ernalyn has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to to purchase raw ingredients needed to make products for sale. Ernalyn is requesting a new loan of 14000 PHP, which she will invest in expanding the business, perhaps putting up a sari-sari store. This will be the fourth loan taken by Ernalyn from HSPFI. She plans to use the additional revenue generated from the loan to improve and expand her business.

About HSPFI:
HSPFI is an accredited partner 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.

Additional Information

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.

About Philippines

  • $7,000
    Average annual income
  • 1890
    View loans »
    Philippines Loans Fundraising
  • $61,001,400
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD