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

Asuncion's story

Asuncion L. is from the village of Ricoro, Gingoog City. She is 66 years old. Asuncion is married and has 3 adult-aged children. To make a living, Asuncion owns & operates a business venture in the retail sector running a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes primarily from selling both food & daily use products in the local community. Asuncion has been engaged in her business for over 50 years and earns approximately 4000 PHP a month for these activities.

In 2010, Asuncion joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Asuncion is requesting a new loan of 5000 PHP which will be used to purchase additional products to sell. This loan will be the 1st loan taken out by Asuncion from HSPFI. She plans to use the additional revenue generated from the business to improve/expand the 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.

Loan details

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Loan details