100%

funded

Total loan: $125

Merasol

Flag of Philippines
Tagpangi, Cagayan de Oro, Misamis Oriental, Northern Mindanao, Philippines / Food

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A loan helped To purchase additional products to sell.


Merasol's story

Merasol D. is from the village of Tagpangi, Cagayan de Oro. She is 30 years old. Merasol is married and has two school-aged children. To make a living, Merasol owns & operates a retail store where she buys and sells coconut in the local community. Merasol has been engaged in her business for over five years and earns approximately 5,000 PHP a month for these activities. In 2009, Merasol joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Merasol is requesting a new loan of 5,000 PHP, which will be used to purchase additional products to sell. This loan will be the first loan taken out by Merasol from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business. 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.