A loan of $250 helped to purchase additional products to sell.

Melodina's story

Melodina D. is from the village of Tumpagon, a barangay in Cagayan De Oro City on Mindanao. She is 33 years old, married and has five school-aged children. Melodina sells specialty food products from her food stall to the local community. Melodina has been engaged in her business for over eight years and earns approximately 7,000 PHP a month.

In 2008, Melodina joined HSPFI to gain access to its financial services. She is requesting a loan, her fourth, of 11000 PHP from HSPFI which she will use to purchase additional products to sell. Melodina successfully repaid a previous loan of 11,000 PHP from HSPFI, which was used to buy ingredients for the food she sells. She plans to use the additional revenue generated from her business to pay for her children’s education.

About HSPFI:

HSPFI is an accredited partner 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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