A loan of $175 helped to invest in expanding the business.


Madelyn's story

Madelyn P.'s main source of income comes from selling scrap metal and other used products in her community. She is 20 years old, married and has a small child. They are from the village of Santiago, Iligan City. Madelyn has been in her business for over two years and earns approximately 5000 pesos a month.

In 2009, Madelyn joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Madelyn has successfully repaid a previous loan of 5000 pesos from HSPFI. This previous loan was used to to purchase products to sell. Madelyn is requesting a new loan of 8000 pesos which will be used to invest in expanding her business. This will be her second loan 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, 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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