A loan of $325 helped to invest in expanding the business.


Rene's story

Rene O. is from the village of North Poblacion, Guinsiliban, Camiguin Province. She is 54 years old. Rene is married and has 3 adult children. She sells slippers, sandals, and shoes in the local community. Rene has been engaged in her business for over 3 years and earns approximately 2,000 Philippine Pesos (PHP) a month from it.

In 2009, Rene joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business. Rene has successfully repaid a previous loan of 11,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory & working capital. Rene is now requesting her fourth loan, for 14,000 PHP, which will be used to expand the business. She plans to use the additional revenue generated from the business to supplement income of her family.

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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