Mary Jean M. is from the village of Taglimao, Cagayan de Oro City. She is 31 years old. Mary Jean is widowed and has two school-aged children. To make a living, Mary Jean owns & operates a general store. The main source of income for the business comes from buying and selling canned goods, snack foods & biscuits. She also buys and sells gold dust in the local community. Mary Jean has been engaged in her business for over 5 years and earns approximately 8000 PHP a month for these activities.
In 2009, Mary Jean joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Mary Jean has successfully repaid a previous loan of 15,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Mary Jean is requesting a new loan of 18,000 PHP which will be used to purchase additional gold dust & snack foods for her store. This will be the 5th loan taken out by Mary Jean from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.
HSPFI is an accredited partner 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.