Jolita C. is from the village of Masilakon I, Lugait Misamis Oriental. She is 49 years old. Jolita is married and has two adult-aged children. To make a living, Jolita continues to operate a business, making and selling food. Her main source of income for the business comes from selling snacks and other delicacies in the local community.
In 2009, Jolita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jolita has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to purchase raw ingredients needed to make products for sale. Jolita is requesting a new loan of 8,000 PHP which will be used to purchase additional products to sell. This will be her 2nd loan from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of her family.
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.
About Hagdan Sa Pag-uswag Foundation, Inc.
Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI) is a non-governmental development organization founded in 1987 to promote Christian values through microfinance services in the Philippines. It partners with Opportunity International and the Mindanao Microfinance Council among others, and offers a range of business and community development services, including savings and insurance programs in addition to lending.