Marilou is from the village of Wadya, Banisilan, Cotabato. She is 32 years old. She is married and has 3 school-aged children. To make a living, Marilou owns & operates a sari-sari (variety) retail shop, selling canned goods, snack foods, beverages, shampoo, soap & biscuits in the local community. She has been engaged in her business for over 5 years and earns approximately 7000 PHP a month from these activities.
In 2010, Marilou 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 7000 PHP from HSPFI. That loan was used to purchase additional inventory & fund working capital.
Marilou is requesting a new loan of 11000 PHP, which will be used to purchase more canned goods, beverages & snack foods to sell. This will be her 3rd loan from HSPFI. She plans to use the additional revenue generated to improve/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.