A loan of $175 helped to purchase additional products to sell.

Cordelina's story

Cordelina B., 47, from the village of Tagpangi, Cagayan de Oro City, is married and has five school-aged children. To make a living, Cordelina owns and operates a specialized retail business whose main income comes from buying and selling firewood in the local community. Cordelina has been engaged in her business for over two years and earns approximately 6,000 PHP a month.

In 2008, Cordelina joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having fully repaid a previous loan of 5,000 PHP from HSPFI, she is requesting a new loan of 8,000 PHP which will be used to purchase additional products to sell. This loan will be her second from HSPFI, and she plans to use the additional revenue generated from the business to improve/expand her enterprise.

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.

Loan details

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Loan details