Nancy B. is from the village of Agay-ayan, Gingoog City. She is 35 years old. Nancy is married and has 2 school-aged children. To make a living, Nancy owns & operates a business venture making & selling food. While not the only means for generating revenue, the main source of income for the business comes from making and selling Filipino delicacy viands like "afritada" and pork "adobo" in the local community. She is also engaging in butchering pigs once a month. Nancy has been engaged in her business for over 7 years and earns approximately 10,000 PHP a month for these activities.
In 2010, Nancy joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nancy is requesting a loan of 5000 PHP which will be used to purchase raw ingredients needed to make products for sale. This will be the 1st loan taken out by Nancy from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.
HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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.