Lea C. is from the village of Amoyong, Wao, Lanao del Sur. She is 52 years old. Lea is married and has five adult children. Lea owns and operates a sari-sari (variety) retail shop. The main source of income for the business comes from selling canned goods, junk food, instant noodles, shampoo, soap & biscuits in the local community. Lea has been engaged in her business for over five years and earns approximately 15,000 Philippine pesos (PHP) a month from it.
In 2009, Lea joined HSPFI to gain access to financial services to help improve her living situation and ability to do business. She has successfully repaid her last loan from HSPFI, which was for 15,000 PHP and was used to purchase additional inventory & as working capital.
This loan will be her sixth from HSPFI. Lea is requesting 20,000 PHP which will be used to purchase additional canned goods, junk food & detergents. She plans to use the additional revenue generated from the business to improve and expand it.
HSPFI is one of the 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.