Rosita W. is from the village of Lagonglong, Misamis Oriental. She is 64 years old. She is separated from her spouse and has 1 school-aged child. To make a living, Rosita owns & operates a sari-sari (variety) retail shop, selling canned goods, junk foods, shampoo, beverages & biscuits in the local community. Rosita has been engaged in her business for over 5 years and earns approximately 10000 PHP a month for these activities.
In 2008, Rosita joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 5000 PHP from HSPFI. This previous loan was used to purchase additional inventory & working capital. Rosita is requesting a new loan of 4000 PHP which will be used to purchase additional products, canned goods & junk foods. This will be the 6th loan taken out by Rosita from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
HSPFI is one of 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.