Honeylee is from the village of Eastern, Wao, Lanao del Sur. She is 23 years old. Honeylee is married and has 1 young child. To make a living, Honeylee owns & operates a motorela or habal-habal services business for local community members. Honeylee and her husband are also planting and harvesting corn. Honeylee has been engaged in her business for over 2 years and earns approximately 10000 PHP a month for these activities.
In 2009, Honeylee joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Honeylee has successfully repaid a previous loan of 14000 PHP from HSPFI. This previous loan was used to purchase tools needed for the maintenance of the motorela service. Honeylee is requesting a new loan of 17000 PHP which will be used to purchase tools needed for the service & to buy corn seeds for the farm. This will be the 5th loan taken out by Honeylee 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.