A loan of $250 helped to invest in expanding the business.

Luz's story

Luz G. is from the village of Bonbon, Catarman, Camiguin Province. She is 41 years old. Luz is married and has two school-aged children. To make a living, Luz owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling souvenir island T-shirts and other clothing in the local community. Luz has been engaged in her business for more than five years and earns approximately 7,000 PHP a month for these activities.

In 2009, Luz joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Luz has successfully repaid a previous loan of 8,000 PHP from HSPFI. This previous loan was used to purchase additional plain T-shirts for printing. Luz is requesting a new loan of 11,000 PHP, which will be used to invest in expanding the business. This loan will be the third loan taken out by Luz from HSPFI. She plans to use the additional revenue generated from the business to supplement her family's income.

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.

Loan details

Lenders and lending teams

Loan details