Yolanda S. is from the village of Eastern Wao, Lanao del Sur. She is 42 years old. Yolanda is married and has four adult-aged children. To make a living, Yolanda owns and operates a service-based business. The main source of income for the business comes from providing hairdressing and beauty services to local community members. Yolanda has been engaged in her business for more than two years and earns approximately 9,000 Philippine pesos (PHP) a month from it.
In 2009, Yolanda joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Yolanda has successfully repaid a previous loan of 5,000 PHP from HSPFI, a Kiva partner. This previous loan was used to purchase materials needed to provide service.
Yolanda is requesting a new loan of 7,000 PHP, which will be used to purchase materials needed to expand services provided. This will be the second loan taken out by Yolanda from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of her family.
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.
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.