A loan of $200 helped to purchase additional products to sell.

Nancy's story

Nancy E. is from the village of Naasag, Mambajao Camiguin. She is 35 years old. Nancy is married and has 4 school-aged children. To make a living, Nancy owns and operates a business venture in the specialized retail sector. The main source of income for the business comes from buying and selling agricultural products like bananas, coconuts, sweet potatoes, etc. in the local community. Nancy has been engaged in her business for over 2 years and earns approximately 5,000 PHP a month for these activities.

In 2009, Nancy joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nancy has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to invest in expanding the business. Nancy is requesting a new loan of 9000 PHP which will be used to purchase additional agricultural products to sell. This will be the 3rd loan taken out by Nancy from HSPFI. She plans to use the additional revenue generated from the business to supplement income of the family.

About HSPFI:

HSPFI is one of accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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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