A loan of $200 helped to purchase business supplies and obtain working capital.

Ronalyn's story

Ronalyn B. is 33 years old, married and has four school-aged children. She is from the village of Tinabalan outside of Gingoog City in Northern Mindanao. Ronalyn owns and operates a mini-restaurant from which she serves a variety of different meals to customers from the local community. Ronalyn has been in business for over four years and earns approximately 6500 PHP a month for these activities.

In 2009, Ronalyn joined HSPFI to gain access to its financial services. She has successfully repaid a previous loan of 6000 PHP from HSPFI which she used to renovate the business. Ronalyn is requesting a new loan, her third from HSPFI, of 9000 PHP to be used for business supplies and working capital. She plans to use any additional revenue generated to improve and expand her 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Loan details

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Loan details