A loan of $250 helped to expand and improve her business by purchasing new items.

Jessica's story

Jessica P. is from the village of Poblacion, Catarman, which is within the Camiguin Province of the Philippines. She is a 42-year-old married woman with three school-age children. To earn a living, Jessica owns and operates a business venture in the food sector; more specifically, she operates a food production business. Her main source of income is derived primarily from selling a variety of snack food and "halo-halo" (a popular dessert in the Philippines) to her local community members. Jessica explains that she has been engaged in this business for over 20 years, and that she typically earns approximately 2,000 PHP per month from these activities.

In 2008, Jessica joined HSPFI to gain access to financial services; as a result, she was able to engage in business activities, and, in turn, to improve her family's standard of living. Importantly, Jessica has successfully repaid a previous loan in the amount of 9,000 PHP from HSPFI. In fact, this loan that she is now seeking would be the fourth loan taken out by Jessica from HSPFI. Jessica is requesting another loan from HSPFI, this time in the amount of 11,000 PHP ($250), to purchase new items so that she can expand her product offerings. She plans to use the additional revenue generated from the loan to improve/expand her business.

About HSPFI: HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City, and its mission is to assist the poor households of Northern Mindanao.

Loan details

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Loan details