Annabelle P. is from the village of Sta. Cruz, Magsaysay, Misamis Oriental. She is 27 years old. Annabelle is married and has three school-aged children. To make a living, Annabelle provides repair and repainting services for various vehicles like multi-purpose cabs, jeepneys and cars to local community members. Annabelle has been engaged in her business for over five years and earns approximately 6,000 Philippines pesos (PHP) a month from it.
In 2010, Annabelle joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Annabelle has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to purchase materials needed to provide service. Annabelle is requesting a new loan of 8,000 PHP, which will be used to purchase materials needed to expand services provided. This will be the second loan taken out by Annabelle 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.