A loan of $250 helped to expand her business.

Maribel's story

Maribel S. is from the village of North Poblacion Guinsiliban in Camiguin. She is 43 years old. Maribel is married and has 3 school-aged children. To make a living, Maribel makes and sells snacks and other delicacies to the local community. Maribel has been engaged in her business for over 20 years and earns approximately 6000 PHP a month from these activities.

In 2009, Maribel joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maribel has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to to purchase raw ingredients needed to make products for sale. Maribel is requesting a new loan of 11000 PHP which will be used to invest in expanding the business. This loan will be the 3rd loan taken out by Maribel from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is one of 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