Vicky O. is from the village of Bonbon, Opol, Misamis Oriental. She is 36 years old. Vicky is married and has 3 school-aged children. To make a living, Vicky owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from buying and selling seafood products, including fish like milk fish and sardines, in the local community. Vicky has been engaged in her business for over 6 years and earns approximately 10000 PHP a month from these activities.
In 2009, Vicky joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Vicky has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to purchase additional inventory and fund working capital. Vicky is requesting a new loan of 11000 PHP, which will be used to purchase additional fish like mackerel and salmon. This loan will be the 3rd loan taken out by Vicky from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.
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 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.