Total loan: $300


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San Simon, Cagayan de Oro, Misamis Oriental, Northern Mindanao, Philippines / Food

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A loan helped To purchase new items to expand her product offering.

Precilla's story

Precilla P. is from the village of San Simon, Cagayan de Oro City. She is 37 years old. Precilla is married and has five school-aged children. To make a living, Precilla owns and operates a business venture in the food sector making and selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from making and selling specialty food products like "bibingka" in the local community. Precilla has been engaged in her business for over 18 years and earns approximately 1000 PHP a month for these activities.

In 2007, Precilla joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Precilla has successfully repaid a previous loan of 14000 PHP from HSPFI. This previous loan was used to purchase raw ingredients needed to make products for sale. Precilla is requesting a new loan of 14000 PHP, which will be used to purchase new items to expand her product offering. This loan will be the fifth loan taken out by Precilla from HSPFI. She plans to use the additional revenue generated from the business to support the education of her children.

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.