A loan of $325 helped to purchase additional inventory and to use as working capital.

Adalhia's story

Adalhia T. is from the village of Extension, Wao, Lanao del Sur. She is 51 years old and is widowed with two adult children.

Adalhia owns and operates a specialized retail store, selling daily-use products such as shampoo, soap, toothpaste and herbal products in the local community. She has been engaged in her business for over four years and earns approximately 7,000 PHP a month.

In 2009, Adalhia 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 11,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell.

Adalhia is requesting a new loan of 14,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 5th 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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