A loan of $350 helped to invest in expanding the business.

Teresita's story

Teresita P. is from the village of Langcataon in the Pangantucan municipality of Bukidnon Province. Teresita is married and has two grown children. To make a living, Teresita operates a family member's business running a sari-sari (variety) retail store. The main source of income for the business comes from selling food and daily use products in the local community. Teresita has been engaged in the business for over sixteen years, and she earns approximately 3500 PHP a month for these activities.

In 2008, Teresita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Teresita has successfully repaid a previous loan of 12,000 PHP from HSPFI. Teresita is requesting a new loan of 15,000 PHP, which will be used to invest in expanding the business. This loan will be the sixth loan taken out by Teresita from HSPFI. She plans to use the additional revenue generated from the business to improve/expand the 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, 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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Loan details