Rosalinda A. is from the village of San Isidro, Jasaan, Misamis Oriental. She is 45 years old. Rosalinda is married and has 11 adult children. To make a living, Rosalinda owns & operates a specialized retail store. The main source of income for the business comes from planting, harvesting and selling different kinds of flowers in the local community. Rosalinda has been engaged in her business for over 5 years and earns approximately 3500 PHP a month for these activities.
In 2009, Rosalinda joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosalinda has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used for maintenance and for the improvement of the business. Rosalinda is requesting a new loan of 10,000 PHP which will be used to purchase a new variety of flower seedlings and as working capital. This will be the 2nd loan taken out by Rosalinda from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.
HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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.