Roque S. is from the village of Lurugan, Valencia City. He is 35 years old and married with two school-aged children. To make a living, Roque owns and operates a sari-sari (variety) retail shop. His main source of income comes primarily from buying and selling daily use products such as shampoo, soap, toothpaste, canned goods, and junk foods in the local community. Roque has been engaged in his business for over three years and earns approximately 8,000 PHP a month.
Roque joined HSPFI in 2010 to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 5,000 PHP from HSPFI that was used to purchase additional inventory and use working capital. For his second loan, Roque is requesting 8,000 PHP to purchase additional products to sell such as junk foods and beverages. Roque plans to use the additional revenue generated from his business to improve and expand his shop.
HSPFI is one of accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and is reaching 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.