Marilyn D. C. is 37 years old and married with two school-aged children. She is from the village of Malipayon, Pangantucan, Bukidnon. To make a living, Marilyn owns and operates a sari-sari (variety) retail shop. Her main source of income comes from buying and selling daily use products such as shampoo, soap, canned goods, junk foods and toothpaste in the local community. She also buys and sells rice by the kilogram. Marilyn has been engaged in her business for over 4 years and earns approximately 10,000 PHP a month.
Marilyn joined HSPFI in 2009 to gain access to financial services to help improve her living situation and ability to engage in business activities. Marilyn has successfully repaid a previous loan of 17,000 PHP from HSPFI that was used to purchase additional inventory and provide working capital. Marilyn is requesting a new loan of 20,000 PHP to purchase additional products to sell like canned goods, junk foods and rice. This loan will be the 5th loan taken out by Marilyn from HSPFI. She plans to use the additional revenue generated from her loan 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 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.