A loan of $125 helped to purchase additional products to sell.


Alexander's story

Alexander M. is from the village of Valencia, Bukidnon. He is 47 years old, married and has one school-aged child. To make a living, Alexander owns and operates a business venture in the retail sector. The main source of income for the business comes from buying and selling gasoline in the local community. Alexander has been engaged in his business for over five years and earns approximately 5,000 PHP a month from these activities.

In 2009, Alexander joined Kiva partner HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Alexander is requesting a loan of 5,000 PHP, which will be used to purchase additional products to sell. This loan will be his first from HSPFI. He plans to use the additional revenue to improve and expand his 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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