Nancy M. is from the village of Manolo Fortich, Bukidnon. She is 43 years old, widowed and has 5 school-aged children. Nancy owns and operates a specialized retail store, buying and selling vegetables such as cabbage, ube (purple yams), red bell peppers and tomatoes in the local community. Nancy has been engaged in her business for over 3 years and earns approximately 5,000 PHP a month from it.
Nancy joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nancy is requesting a new loan of 5,000 PHP which will be used to purchase additional vegetables, such as cabbage and string beans, to sell. This will be the 1st loan taken out by Nancy from HSPFI. She plans to use the additional revenue generated from the business to improve/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.