Carolina M. is from the village of Extension, Wao, Lanao del Sur. She is 34 years old and married with four school-aged children. To make a living, Carolina owns a sari-sari (variety) retail shop selling canned goods, snack foods, beverages, shampoo, soap and biscuits in the local community. Carolina has been engaged in her business for over five years and earns approximately 15000 PHP a month.
In 2008, Carolina joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 15000 PHP from HSPFI and is requesting a new loan of 20000 PHP to purchase additional inventory. This loan will be the sixth loan taken out by Carolina from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
About HSPFI: 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.