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A loan helped to purchase new items to expand product offering.
In 2009, Marysol joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marysol has successfully repaid a previous loan of 7,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Marysol is requesting a new loan of 10,000 PHP which will be used to purchase new items to expand product offering. This will be the 3rd loan taken out by Marysol from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.
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.