A loan of $375 helped to invest in expanding a sari sari store.


Gilmor's story

Gilmor P. runs a sari-sari (variety) retail shop selling a variety of products like canned goods, bread, coffee, milk and firewood. He is 42 years old, married and has three school-age children. They are from the town of Barra, Opol , Misamis Oriental. Gilmor has been in this business for over three years and earns approximately 5000 PHP a month.

In 2007, Gilmor joined HSPFI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Gilmor has successfully repaid a previous loan of 15,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell. Gilmor is requesting a new loan of 18,000 PHP which will be used to invest in expanding the business. This will be his sixth loan from HSPFI. He plans to use the additional revenue to supplement the income of his family and to support the education of his children.

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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