Total loan: $175
Mambajao, Camiguin, Northern Mindanao, Philippines / Food
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A loan helped to purchase additional inventory & working capital.
Maritchel A. is from the village of Poblacion, Mambajao, Camiguin Province. She is 27 years old. Maritchel is married and has 4 school-aged children. To make a living, Maritchel owns & operates a business in the food sector operating a mini-restaurant. The main source of income for the business comes primarily from serving a variety of different meals to customers in the local community. Maritchel has been engaged in her business for over 8 years and earns approximately 5,000 PHP a month for these activities. In 2009, Maritchel joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maritchel has successfully repaid a previous loan of 5,000 PHP from HSPFI. Maritchel is requesting a new loan of 8,000 PHP which will be used to purchase additional inventory & as working capital. This loan will be the 2nd loan taken out by Maritchel from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of her family. About HSPFI: HSPFI is one of 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.