100%

funded

Total loan: $350

Sialome

Cabuan, Guinsiliban, Camiguin, Northern Mindanao, Philippines / Retail

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A loan helped To purchase additional inventory & working capital.


Sialome's story

Sialome C. is from the village of Cabuan, Guinsiliban, Camiguin Province. She is 36 years old. Sialome is separated from her spouse and has 3 school-aged children. To make a living, Sialome owns & operates a sari-sari (variety) retail shop, selling both food & daily use products in the local community. Sialome has been engaged in her business for over 16 years and earns approximately 10000 PHP a month for these activities. In 2009, Sialome joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Sialome has successfully repaid a previous loan of 13000 PHP from HSPFI. This previous loan was used to purchase additional products to sell. Sialome is requesting a new loan of 15000 PHP which will be used to purchase additional inventory & working capital. This will be the 5th loan taken out by Sialome from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business. 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.