A loan of $175 helped to expand the business.

Marilou's story

Marilou R. is from the village of Catarman, Camiguin Province. She is 47 years old. Marilou is single and has two adult-aged children. To make a living, Marilou owns and operates a business operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling seafood products including fish and shrimp in the local community. Marilou has been engaged in her business for more than three years and earns approximately 4,000 PHP a month for these activities.

In 2009, Marilou joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marilou has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Marilou is requesting a new loan of 8,000 PHP, which will be used to invest in expanding the business. This loan will be the second taken out by Marilou from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is one of 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.

Loan details

Lenders and lending teams

Loan details