A loan of $125 helped to purchase additional products to sell.


Fernando's story

Fernando J. is from the village of Manticao, Misamis Oriental. He is 51 years old and married with 5 school-aged children. To make a living, Fernando sells seafood products including fish and shrimp. He has been engaged in his business for over 2 years and earns approximately 5000 PHP a month. In 2009, Fernando joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Fernando has successfully repaid a previous loan of 5000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Fernando is requesting a new loan of 5000 PHP which will be used to purchase additional products to sell. This loan will be the fourth loan taken out by Fernando from HSPFI. He plans to use the additional revenue generated from the business to improve and expand his business. About HSPFI: HSPFI is an accredited partner 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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