A loan of $300 helped to purchase new items to expand her product offering.


Laureta's story

Laureta M. is from the village of Tumpagon, Cagayan de Oro City. She is 65 years old, is widowed, and has eight adult children.

Laureta owns and operates a sari-sari (variety) retail shop, selling both food and daily use products in the local community. She has been engaged in her business for over a year and earns approximately 2,000 PHP a month.

In 2008, Laureta 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 11,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell.

Laureta is requesting a new loan of 14,000 PHP which will be used to purchase new items to expand her product offering. This loan will be her 4th from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her 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, 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.



Loan details


Lenders and lending teams



Loan details