Rita S. is from the village called Barangay 25, in Gingoog City. She is 54 years old. Rita is separated from her spouse and has two adult-aged children. To make a living, she makes and sells snacks and treats like ice candy, popcorn and peanut butter in the local community. She has been engaged in her business for over ten years and earns approximately $175 a month for these activities.
In 2010, Rita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to purchase raw ingredients needed to make the products she sells.
Rita is requesting a new loan of 7,000 PHP which again will be used to purchase the raw ingredients she needs to make the products she sells. This will be her 2nd loan from HSPFI. She plans to use the additional revenue generated to improve 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.