Luisa is 48 years old and living in the Philippines. She is married and has 3 children. Luisa is cultivating 7500 square meters of coconut trees for the production of coco sugar known as The Organic Sweet Option. Coco sugar is known to have health benefits and is good for people suffering from diabetes. Findings state that coco sugar has more advantages compared to sugar coming from sugarcane even though it's more expensive.
Luisa has 90 coconut trees and has 3 harvesters who are each collecting 8 gallons of toddy or tuba (coco sap) every day. Luisa can make 360 kilos of organic coco sugar per month, with 200 per kilo as the selling price. Luisa was the first coco sugar maker who joined trade fairs and was able to show it to the market. Coco sugar, an organic sugar, has high interest in the local and global market nowadays.
HSPFI is advocating organic farming and the production of organic products in the region. Luisa is one of the privileged clients of HSPFI and KIVA, who makes available the individual loan. Luisa is now requesting a loan amounting to 50,000 PHP. She is planning to purchase a new oven for coco sugar processing and additional cooking tools and equipment for a bigger production each month. The loan will also be used for the development and sanitation of the cooking area or production area. Luisa is hopeful of having more success in her coco sugar business in the local and global market.
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.