Total loan: $125


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

Margie's loan finished fundraising,
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A loan helped To purchase additional products to sell from her store.

Margie's story

Margie M. is 39 years old, married and has two adult-aged children. She is from the municipality of Jasaan in Misamis Oriental province on the Mindanao islands. Margie runs a sari-sari (variety) shop from which she sells daily use products such as shampoo, soap, canned goods, snacks and toothpaste to the local community. She is also buying and selling electronic loads for cell phones. Margie has been engaged in her business for over five years and earns approximately 12,000 PHP a month.

In 2008, Margie joined HSPFI to gain access to its financial services. She successfully repaid a previous loan of 5,000 PHP from HSPFI thatwas used to purchase additional inventory and for working capital. Margie is requesting a new loan, her sixth from HSPFI, of 5,000 PHP that will be used to purchase additional products to sell like snacks and canned goods. She plans to use the additional revenue generated to improve her business.

About HSPFI:

Hagdan sa Pag-uswag Foundation, Inc., or HSPFI, is an accredited partner 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it to continue to post loans in English while providing quality and accurate information to Kiva lenders.