Jenelyn B. is from the village of Manila Group, Wao, Lanao del Sur. She is 37 years old. Jenelyn is married and has 6 school-aged children. To make a living, Jenelyn owns & operates a business venture in the retail sector running a sari-sari (variety) retail shop. The main source of income for the business comes primarily from buying and selling daily use products such as shampoo, soap, toothpaste, instant noodles, canned goods & junk foods in the local community. Jenelyn has been engaged in her business for over 2 years and earns approximately 5000 PHP a month for these activities.
In 2010, Jenelyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jenelyn has successfully repaid a previous loan of 7000 PHP from HSPFI. This previous loan was used to to invest in expanding the business. Jenelyn is requesting a new loan of 9000 PHP which will be used to purchase additional inventory & to use as working capital. This loan will be the 3rd loan taken out by Jenelyn from HSPFI. She plans to use the additional revenue generated from the business to 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.