Marlene L. is from the village of West Kibawe, Kibawe, Bukidnon. She is 47 years old. Marlene is married and has 2 grown children. To make a living, Marlene owns & operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and, selling vegetables like stringbeans, pechay, cabbages, spices & food seasonings in the local community. Marlene has been engaged in her business for over 3 years and earns approximately 10000 PHP a month for these activities.
In 2009, Marlene joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Marlene has successfully repaid a previous loan of 14000 PHP from HSPFI. This previous loan was used towards working capital and to purchase additional vegetables. Marlene is requesting a new loan of 17000 PHP which will be used to purchase additional vegetables & spices. This will be the 5th loan taken out by Marlene 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.