A loan of $300 helped to purchase new items to expand his product offering.

Samuel's story

Samuel D. is from the village of Zone 2, Tumpagon, Cagayan de Oro City. He is 36 years old. Samuel is married and has two school-aged children. To make a living, Samuel owns and operates a business venture, buying and selling gold dust in the local community. He engages in gold mining in the traditional way. Samuel has been involved in his business for over five years and earns approximately $107 a month from these activities.

In 2008, Samuel joined HSPFI to gain access to financial services to help improve his living situation and his ability to engage in business activities. Samuel has successfully repaid a previous loan of 11,000 PHP from HSPFI. Samuel is requesting a new loan of 14,000 PHP, which will be used to purchase new items to expand his product offering. This will be his 4th loan from HSPFI. He plans to use the additional revenue generated from the business to supplement the income of his family.

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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