A loan of $225 helped to purchase additional products to sell.

Merlinda's story

Merlinda A. is from the village of San Simon, Cagayan De Oro City. She is 40 years old and has five school-aged children.

Merlinda owns and operates a sari-sari (variety) retail shop, selling a variety of different products in the local community. She has been engaged in her business for over two years and earns approximately 3,000 PHP a month.

In 2008, Merlinda joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 8,000 PHP from HSPFI.

Merlinda is requesting a new loan of 10,000 PHP which will be used to purchase additional products to sell. This loan will be her 3rd from HSPFI. She plans to use the additional revenue generated from the business to support the education of her children and 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, Kiva created this template for our Field Partner 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