Susan D. is from the village of Salay, Misamis Oriental. She is 49 years old. Susan is widowed with two adult-aged children. Susan makes and sells food. The main source of income for the business comes from pork and chicken barbecue and a food cart in the local community. Susan has been engaged in her business for over 25 years and earns approximately 8000 PHP a month.
In 2010, Susan joined HSPFI to gain access to financial services. Susan has successfully repaid a previous loan of 5000 PHP from HSPFI. This previous loan was used to to purchase the raw ingredients needed to make products for sale. Susan is requesting a new loan of 8000 PHP which will be used to purchase additional ingredients for her food business. This loan will be her second loan from HSPFI. She plans to use the additional revenue to improve and 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 reaches out to 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.