A loan of $400 helped to invest in expanding the business.


Elsa's story

Elsa B. is from the village of Jasaan, Misamis Oriental. She is 52 years old, married, and has seven adult children. To make a living, Elsa owns & operates a retail store. The main source of income comes from buying and selling hotdogs, ham, and steaks in the local community. Elsa has been engaged in her business for over 10 years and earns approximately 5,000 PHP a month for these activities.


In 2005, Elsa joined HSPFI to gain access to financial services in order to help improve her standard of living and be able to engage in business activities. Elsa has successfully repaid a previous loan of 17,000 PHP from HSPFI. This previous loan was used to purchase new items to expand her product offering. Elsa is requesting a new loan of 19,000 PHP which will be used to invest in expanding the business. 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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