Gloria T. lives the village of Santo Niño, Manolo Fortich, Bukidnon. She is 38 years old, married, has three school-aged children and makes a living by running a sari-sari (or variety) store. She sells items such as canned goods, snacks, shampoo, soap, bread and beverages to people in her community. Gloria has been in this business for more than 11 years and earns about 10,000 PHP a month.
In 2008, Gloria joined HSPFI to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid six previous loans from HSPFI and is applying for a new one to buy more items to sell to her customers. She plans to use the additional revenue made possible by this loan to expand her business.
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.