A loan helped to purchase additional inventory & working capital.

Adelaida's story

Adelaida D. is from the village of San Jose, Mahinog, Camiguin Province. She is 47 years old. Adelaida is married and has 5 school-aged children. To make a living, Adelaida owns & operates a sari-sari (variety) retail shop, selling both food & daily use products in the local community. Adelaida has been engaged in her business for over 7 years and earns approximately 5000 PHP a month for these activities.

In 2008, Adelaida joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Adelaida has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to purchase new items to expand product offering. Adelaida is requesting a new loan of 11000 PHP which will be used to purchase additional inventory & working capital. This will be the 5th loan taken out by Adelaida 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 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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Loan details