A loan of $125 helped to expand and improve his business by purchasing additional materials.

Felipe's story

Felipe Paca, Jr. is from the village of Maac, Guinsiliban, which is within the Camiguin Province of the Philippines. He is a 25-year-old married man with two infant-age children. To earn a living, Felipe Jr. owns and operates a business venture in the services sector; more specifically, he operates a transportation business. Indeed, his primary source of income is derived from transporting local community members around town with his habal-habal (motor-cycle) taxi. Felipe Jr. explains that he has been engaged in this business for over three years, and that he typically earns approximately 3,500 PHP per month from these activities.

In 2009, Felipe Jr. joined HSPFI to gain access to financial services; as a result, he was able to engage in business activities, and, in turn, to improve his family's standard of living. Felipe Jr. is requesting a loan in the amount of 5,000 PHP ($125), which will be used to purchase materials needed to provide his taxi service. This loan would be the first loan taken out by Felipe Jr. from HSPFI. He plans to use the additional revenue generated from the loan to improve/expand his 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

Lenders and lending teams

Loan details