Rotchelyn S. is from the village of Ninoy Aquino, Kalilangan, Bukidnon. She is 28 years old. Rotchelyn is married and has one school-aged child.
To make a living, Rotchelyn owns and operates a sari-sari (variety) retail shop, selling canned goods, breads, snack foods, shampoo, soap and detergents. Rotchelyn has been engaged in her business for over five years and earns approximately 15,000 PHP a month.
In 2009, Rotchelyn joined HSPFI to gain access to financial services to help improve her business and living situation. Rotchelyn has successfully repaid a previous loan of 21,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and for working capital.
Rotchelyn is requesting a new loan of 23,000 PHP, which will be used to purchase additional canned goods, beverages and snack foods. This will be the seventh loan taken out by Rotchelyn from HSPFI. She plans to use the additional revenue generated from the loan to improve and expand her business.
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.