Delma A. is from the village of Poblacion, Kadingilan, Bukidnon. She is 38 years old. Delma is married and has three school-aged children. To make a living, Delma owns & operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling daily use products such as shampoo, soap, toothpaste, canned goods & junk foods in the local community. She is also engaging in buying and selling of livestock like pigs. Delma has been engaged in her business for over two years and earns approximately 5000 PHP a month for these activities.
In 2009, Delma joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Delma has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Delma is requesting a new loan of 11,000 PHP which will be used to purchase additional products like biscuits & junk foods. This will be the 3rd loan taken out by Delma 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.