Simprosa A. is from the village of Bocboc, Don Carlos, Bukidnon. She is 59 years old. Simprosa is married and has two adult children. Simprosa owns and operates a sari-sari (variety) retail shop. The main source of income for the business comes from buying and selling canned goods, junk food, detergents, shampoo, soap & beverages in the local community. Simprosa has been engaged in her business for over 30 years and earns approximately 15,000 Philippine pesos (PHP) a month from it.
In 2009, Simprosa joined HSPFI to gain access to financial services to help improve her living situation and ability to do business. Simprosa has successfully repaid a previous loan of 14,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory & working capital. Simprosa is requesting a new loan of 17,000 PHP which will be used to purchase additional canned goods, junk food & candies. This loan will be the fifth loan taken out by Simprosa from HSPFI. She plans to use the additional revenue generated from the business to improve and expand it.
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.