Arcilla V. is from the village of Hinaplanan, Claveria, Misamis Oriental. She is 57 years old, married and has 2 grown children. To make a living, Arcilla owns & operates a sari-sari (variety) retail shop. The main source of income for the business comes from selling both food & daily use products in the local community. She has been engaged in her business for over 3 years and earns approximately 5,000 PHP a month.
In 2009, Arcilla joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to invest in expanding the business. Arcilla is requesting a new loan of 8,000 PHP, which will be used to purchase additional products to sell. This will be Arcilla’s 4th loan from HSPFI. She plans to use the additional revenue generated from the business to improve and expand it.
HSPFI is an accredited partner 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.