A loan of $250 helped to purchase baking equipment.

Randy's story

Randy T. is from the village of Agay-ayan, Gingoog City. He is 39 years old. Randy is married and has 4 school-aged children. To make a living, Randy owns & operates a bakeshop, selling a variety of confectioneries such cookies and cakes, in the local community. Randy has been engaged in his business for over 3 years and earns approximately 5000 PHP a month for these activities.

In 2010, Randy joined HSPFI to gain access to financial services to help improve his living situation and his ability to engage in business activities. Randy has successfully repaid a previous loan of 8000 PHP from HSPFI. This previous loan was used to purchase additional cooking ingredients. Randy is requesting a new loan of 11000 PHP which will be used to purchase baking equipment. This will be the 3rd loan taken out by Randy from HSPFI. He plans to use the additional revenue generated from the business to improve and expand his business.

About HSPFI:

HSPFI is one of 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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