Total loan: $125
Carmen, Cagayan de Oro, Misamis Oriental, Northern Mindanao, Philippines / Retail
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A loan helped To purchase additional products to sell.
Jennie A. is from the village of Upper Carmen, Cagayan de Oro City. She is 35 years old. Jennie is single and has three school-aged children. To make a living, Jennie runs a sari-sari (variety) retail shop. The main source of income for the business comes from selling both food and daily-use products in the local community. Jennie has been engaged in her business for over two years and earns approximately 4,000 Philippine pesos a month for these activities. In 2009, Jennie joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jennie is requesting a new loan of 5,000 PHP, which will be used to purchase additional products to sell. This will be the first loan taken out by Jennie from HSPFI, a Kiva partner. 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.