100%

funded

Total loan: $250

Mercedita

Flag of Philippines
Talisayan, Misamis Oriental, Northern Mindanao, Philippines / Retail

Mercedita's loan finished fundraising,
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A loan helped To purchase additional products to sell such as convenience foods and canned goods.


Mercedita's story

Mercedita O. is from the village of Talisayan, Misamis Oriental. She is 44 years old, married and has six school-aged children. To make a living, Mercedita owns and operates a sari-sari (variety) retail shop selling daily use products such as shampoo, soap, toothpaste, canned goods and convenience foods in the local community. She also buys and sells vegetables such as eggplants, cabbages and tomatoes. Mercedita has been engaged in her business for over five years and earns approximately 8,000 PHP per month from these activities.
In 2010, Mercedita joined Kiva partner, HSPFI, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 8,000 PHP from HSPFI. This loan was used to purchase additional inventory and as working capital. Mercedita is requesting a new loan of 11,000 PHP, which will be used to purchase additional products to sell such as convenience foods and canned goods. This loan will be her third 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 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.