A loan of $300 helped to invest in expanding the business.


Marife's story

Marife C. is from the village of Lantay, Valencia, Bukidnon. She is 34 years old. Marife is married and has 2 school-aged children. To make a living, Marife owns & operates a business venture in the food sector, vending fish in the local community. In 2008, Marife joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marife has successfully repaid a previous loan of 14,000 PHP from HSPFI. This previous loan was used as additional capital for the business. Marife is requesting a new loan of 14,000 PHP which will be used to reinvest in her business. This will be the 4th loan taken out by Marife from HSPFI. She plans to use the additional revenue generated from the business to purchase additional inventory and as working capital.

About HSPFI:

HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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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