Maria G. is from the village of Old Kibawe, Kibawe, Bukidnon. She is 43 years old. Maria is married and has 8 school-aged children. To make a living, Maria owns and operates a sari-sari (variety) retail shop. The main source of income for the business comes from buying and selling daily use products such as shampoo, soap, canned goods, snack foods, and toothpaste in the local community. Maria has been engaged in her business for over 5 years and earns approximately 8000 PHP a month from these activities.
In 2009, Maria joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maria has successfully repaid a previous loan of 13000 PHP from HSPFI. This previous loan was used to purchase additional inventory and to fund working capital for her business.
Maria is requesting a new loan of 16000 PHP, which will be used to purchase additional products to sell like snack foods and canned goods. This loan will be the 6th loan taken out by Maria from HSPFI. She plans to use the additional revenue generated 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.