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A loan helped To invest in expanding the business.
In 2009, Lorna joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lorna is requesting a loan of 5,000 PHP, which will be used to invest in expanding the business. This loan will be the 1st loan taken out by Lorna from HSPFI. She plans to use the additional revenue generated from the business to supplement the family's income.
HSPFI is one of the 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.