Funded

Total loan: $125
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Conchita


A loan of $125 helped to purchase raw ingredients needed to make products for sale.


Conchita's story

Conchita T. is from the village of Iligan City. She is 35 years old. Conchita is married and has 3 school-aged children. To make a living, Conchita owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling buko juice and snacks (sidewalk vendor) in the local community. Conchita has been engaged in her business for over 3 years and earns approximately 3000 PHP a month for these activities.

In 2009, Conchita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Conchita is requesting a new loan of 5000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the 1st loan taken out by Conchita from HSPFI. She plans to use the additional revenue generated from the business to improve/expand the borrower's 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.



Loan details

Loan length:

7 months
Disbursed date: October 12, 2009
Facilitated by Field Partner: Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI)

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: October 12, 2009
Facilitated by Field Partner: Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI)