100%

funded

Total loan: $125

Lorna

Magting, Mambajao, Camiguin, Northern Mindanao, Philippines / Agriculture

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A loan helped To invest in expanding the business.


Lorna's story

Lorna M. is from the village of Magting, Mambajao Camiguin. Lorna is married and has 3 school-aged children. To make a living, Lorna owns & operates a business venture in the agriculture sector, raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting, harvesting, and selling green bananas. Lorna has been engaged in her business for over 3 years and earns approximately 10,000 PHP a month for these activities.

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.

About HSPFI:
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.