Rosa is from the village of Tupsan, Mahinog, Camiguin Province. She is 48 years old and widowed with six adult children. To make a living, Rosa owns a business making and selling snacks and other delicacies like rice cakes, instant noodles, breads and snack foods. Rosa has been engaged in her business for over 5 years and earns approximately 8000 PHP a month.
In 2010, Rosa 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 11000 PHP from HSPFI. This previous loan was used to to purchase additional ingredients & working capital. Rosa is requesting a new loan of 14000 PHP which will be used to purchase raw ingredients needed like rice, flour & eggs. This loan will be the fourth loan taken out by Rosa from HSPFI. She plans to use the additional revenue generated from the business to improve/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.