A loan of $125 helped to invest in expanding the business.

Carmelito's story

Carmelito T. is from the village of Mambajao, Camiguin Province. He is 39 years old. Carmelito is married and has 1 infant child. To make a living, Carmelito owns & operates a business raising livestock. The main source of income for the business comes from raising chickens for sale. Carmelito has been engaged in his business for over 3 years and earns approximately PHP3000 a month from these activities.

In 2009, Carmelito joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Carmelito is requesting a new loan of 5,000 PHP which will be used to invest in expanding the business. This loan will be the first loan taken out by Carmelito from HSPFI. He plans to use the additional revenue generated from the business to improve and expand his business.

About HSPFI:

HSPFI is one of the 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.

*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, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Loan details

Lenders and lending teams

Loan details