Mercedita's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To purchase additional products to sell such as convenience foods and canned goods.
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.
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.