A loan of $250 helped to invest in expanding a retail business.

Melanie's story

Melanie P., age 24, makes a living primarily from buying raw bananas, coconut fruits and other agricultural products from neighboring village and selling to the local community. Melanie is married and has two small children. They are from the village of Pigsag-an, Cagayan de Oro City. Melanie has been in this business for over two years and earns approximately 3,000 PHP a month.

In 2008, Melanie joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Melanie has successfully repaid a previous loan of 8,000 PHP from HSPFI. This previous loan was used to to invest in expanding the business. Melanie is requesting a new loan of 11,000 PHP which will be used to buy more products to sell. This will be her third loan from HSPFI. She plans to use the additional revenue to supplement the income of her family.

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.

Loan details

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Loan details