A loan of $175 helped to invest in expanding the business.

Edmundo's story

Edmundo T., from the village of Fatima Lingating, Baungon, is a 40-year-old married father of one infant-aged child. To make a living, Edmundo owns and operates a specialized retail store whose main source of income is derived from selling variety products such as canned goods, coffee, and bread in their village. Edmundo has been engaged in his business for over two years and earns approximately 3000 PHP a month.

In 2008, Edmundo joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Having fully repaid a previous loan of 5000 PHP from HSPFI that was used to purchase additional products to sell, he is now requesting a new loan of 8000 PHP to invest in expanding the business. This loan will be his second from HSPFI, and he plans to use the additional revenue generated from the business to improve/expand the 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.

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Loan details