100%

funded

Total loan: $250

Lucena

Baluarte, Lumbia, Cagayan de Oro, Misamis Oriental, Northern Mindanao, Philippines / Retail

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A loan helped to purchase additional firewood.


Lucena's story

Lucena R. is from the village of Baluarte, Lumbia Cagayan De Oro City. She is 53 years old. Lucena is married and has 9 children. To make a living, Lucena owns and operates a specialized retail business. The main source of income for the business comes from selling firewood in the local community. Lucena has been engaged in her business for over 1 year and earns approximately 1,500 PHP a month for these activities.

In 2008, Lucena joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lucena has successfully repaid a previous loan of 8,000 PHP from HSPFI. Lucena is requesting a new loan of 11,000 PHP which will be used to purchase additional products to sell. This will be the 3rd loan taken out by Lucena from HSPFI. She plans to use the additional revenue generated from the business to improve her house.

About HSPFI:

HSPFI is one of accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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.