A loan of $200 helped to invest in expanding the business.

Mary's story

Mary A. is 28 years old, married and has two school-aged children. She is from the village of Eastern Wao Poblacion, Wao municipality in the province of Lanao del Sur on the Mindanao islands. Mary provides multi-purpose cab services to local community members; her husband is the driver. Mary has been in business for over five years and earns approximately 10,000 PHP a month.

In 2010 Mary joined HSPFI to gain access to its financial services. She successfully repaid a previous loan of 5000 PHP from HSPFI that was used to buy materials needed to provide service. Mary is requesting a new loan, her second from HSPFI, of 8000 PHP which will be used to invest in expanding the business. She plans to use the additional revenue generated to further 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.

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