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

Arlene's story

Arlene G. is from the village of Villa Verde, Balulang, Cagayan de Oro City. She is 28 years old. Arlene is married and has 1 school-aged child. To make a living, Arlene owns and operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling rice (retailing in kilos) in the local community. Arlene has been engaged in her business for over 2 years and earns approximately 7,500 PHP a month for these activities.

In 2010, Arlene joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Arlene is requesting a new loan of 5,000 PHP, which will be used to purchase additional products (rice) to sell. This loan will be the 1st loan taken out by Arlene from HSPFI. She plans to use the additional revenue generated from the business to improve/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, 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.

Loan details

Lenders and lending teams

Loan details