Marife L. is from the village of San Jose, Mahinog, Camiguin Province. She is 39 years old, married and has 4 school-aged children. Marife owns and operates a sari-sari (variety) shop, buying and selling canned goods, junk food, beverages, shampoo, soap and candies in the local community. Marife has been engaged in her business for over 2 years and earns approximately 5,000 PHP a month from it.
In 2008, Marife joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marife has successfully repaid a previous loan of 15,000 PHP from HSPFI, which was used to to purchase additional inventory and increase working capital. Marife is requesting a new loan of 17,000 PHP which will be used to purchase additional canned goods, junk food and candies. This will be the 6th loan taken out by Marife 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 reaches 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.