A loan of $175 helped to purchase additional products to sell.

Rachelle's story

Rachelle R. is from the village of Puli, Carmen, Cagayan De Oro City. She is 39 years old. Rachelle is married and has 5 school-aged children. To make a living, Rachelle owns and operates a 'sari-sari' (variety) retail store. The main source of income for the business comes from selling both food and daily use products in the local community. Rachelle has been engaged in her business for over 6 years and earns approximately 5,000 PHP a month for these activities.

In 2009, Rachelle joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rachelle has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Rachelle is requesting a new loan of 8,000 PHP which will be used to purchase additional products to sell. This will be the 2nd loan taken out by Rachelle from HSPFI. She plans to use the additional revenue generated from the business to supplement the 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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