A loan of $125 helped to invest in expanding the business.

Naneth's story

Naneth B. is from the village of Sto Nino, Talakag Bukidnon. She is 19 years old. Naneth is married and has 1 infant-aged child. To make a living, Naneth owns and operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes from selling both food and daily-use products in the local community. Naneth has been engaged in her business for over 1 year and earns approximately 5000 PHP a month for these activities.

In 2009, Naneth joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Naneth is requesting a new loan of 5000 PHP, which will be used to invest in expanding the business. This loan will be the first loan taken out by Naneth from HSPFI. 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.

Loan details

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Loan details