Annabel D. is from the village of Lantay, Pangantucan, Bukidnon. She is 29 years old. Annabel is married and has two school-aged children. To make a living, Annabel operates a service-based business. The main source of income for her business comes from providing computer games to children in the local community. Annabel also peddles snacks once in awhile. She has been engaged in her business for over two years and earns approximately 3,500 Philippine pesos a month for these activities.
In 2009, Annabel joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Annabel has successfully repaid a previous loan of 8,000 PHP from HSPFI, a Kiva partner.
Annabel is requesting a new loan of 11,000 PHP, which will be used to purchase materials needed to provide better service. This will be the third loan taken out by Annabel from HSPFI. She plans to use the additional revenue generated from the business to support the education of her children.
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.
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.