A loan of $250 helped to purchase new items to expand product offering.

Rosalie's story

Rosalie C., from the village of San Simon, Cagayan de Oro City, is a 35-year-old married mother of three school-aged children. To make a living, Rosalie owns and operates a sari-sari (variety) retail shop whose main source of income comes from selling a variety of products in the local community. Rosalie has been engaged in her business for over two years and earns approximately 5000 PHP a month.

In 2007, Rosalie joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having fully repaid a previous loan of 11000 PHP from HSPFI that was used to purchase additional products to sell, Rosalie is requesting a new loan of 11000 PHP to purchase new items to expand product offering. This loan will be her fourth from HSPFI, and she 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