Jesusisa D.'s main source of income comes from buying and selling green and yellow (or sweet) bananas in her community. She also buys and sells firewood, while her husband has a welding shop. Jesusisa is a 59-year-old married woman from the village of Consolacion, Cagayan de Oro City. She has been in her business for over 15 years and earns approximately 9,000 Philippine pesos (PHP) a month.
In 2008, Jesusisa joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Jesusisa has successfully repaid a previous loan of 16,000 PHP from HSPFI which was used to purchase additional inventory and for working capital. Jesusisa is requesting a new loan of 20,000 PHP which will be used to purchase additional products like bananas and vegetables. This will be her sixth loan from HSPFI. She plans to use additional income 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 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.