Andresa O. is from the village of Kanitoan, Initao, Misamis Oriental. She is 44 years old and widowed with five adult children. To make a living, Andresa raises pigs for sale and also runs a store selling snack foods and canned goods. Andresa has been engaged in her business for over 2 years and earns approximately 6000 PHP a month.
In 2010, Andresa joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 4000 PHP from HSPFI and is requesting a new loan of 4000 PHP to purchase livestock feed and other supplies. This will be the second loan taken out by Andresa from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
About HSPFI: HSPFI is an accredited partner 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.