A loan of $200 helped to purchase raw ingredients for food production.


Ludina's story

Ludina B. is from the village of Minsapinit, Gingoog City. She is 42 years old and married with 2 school-aged children. To make a living, Ludina owns and operates a business venture making and selling food. While not the only means for generating revenue, the main source of her income comes primarily from selling snacks and other delicacies in the local community. Ludina has been engaged in her business for over 1 year and earns approximately 6,000 PHP a month for these activities. In 2009, Ludina 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 her last loan of 7,000 PHP from HSPFI which was used to to invest in expanding the business. Ludina has now requested a new loan of 9,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This will be the 3rd loan taken out by Ludina from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business. About HSPFI: HSPFI is one of 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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