A loan of $125 helped to purchase additional inventory and for working capital.


Venie's story

Venie L. owns and operates a video games business. She is also a fish vendor. She is 45 years old, married and has four school-age children. They are from the village of Catuan, Lunao, Gingoog City. Venie has been in her business for over two years and earns approximately 5000 pesos a month.


In 2009, Venie joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Venie has successfully repaid a previous loan of 5000 pesos from HSPFI. This previous loan was used to to purchase additional inventory and for working capital. Venie is requesting a new loan of 5000 pesos which will be used to purchase additional inventory and for working capital. This will be her second loan from HSPFI. She plans to save the additional revenue generated from the business as a reserve for future emergencies.


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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Loan details