A loan of $200 helped to purchase additional inventory and to use as working capital.


Emelia's story

Emelia V. is from the village of Linabu, Balingasag, Misamis Oriental. She is 48 years old and is married with six adult children. Emelia owns and operates a specialized retail store, selling coco sugar and medicinal coco wine in the local community. She has been engaged in her business for over five years and earns approximately 7,500 PHP a month. In 2009, Emelia joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 6,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell. Emelia is requesting a new loan of 9,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 2nd from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her 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, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.



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Loan details