A loan of $325 helped to invest in expanding the business.


Sergio's story

Sergio C. is from the village of Lingating Baungon, Bukidnon. He is 65 years old. Sergio is married. To make a living, Sergio runs a sari-sari (variety) retail shop, selling both food and daily-use products in the local community. Sergio has been engaged in his business for more than five years and earns approximately 5,000 Philippine pesos (PHP) a month from it. In 2008, Sergio joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Sergio has successfully repaid a previous loan of 13,000 PHP from HSPFI, a Kiva partner. This previous loan was used to purchase additional products to sell. Sergio is requesting a new loan of 15,000 PHP, which will be used to invest in expanding the business. This will be the sixth loan taken out by Sergio from HSPFI. He plans to use the additional revenue generated from the business to improve/expand his business. About HSPFI 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.



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