Evelyn C. is from the village of Opol, Misamis Oriental. She is 56 years old. Evelyn is widowed and has 1 adult child. To make a living, Evelyn owns & operates a specialized retail store. The main source of income for the business comes from selling seafood products including fish and shrimp in the local community. Evelyn has been engaged in her business for over 30 years and earns approximately 6,000 PHP a month for these activities.
In 2009, Evelyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Evelyn has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Evelyn is requesting a new loan of 11,000 PHP which will be used to purchase additional products to sell. This will be the 3rd loan taken out by Evelyn from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.
HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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.