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


Ricky's story

Ricky C. is 38 years old, married and has four school-aged children. He is from the village of Mibantang in the municipality of Quezon, Bukidnon province on the Mindanao islands. Ricky runs a sari-sari (variety) shop from which he sells both food and daily use products to the local community. While his wife manages the store, he also works on a sugarcane farm. Ricky has been in business for over three years and earns approximately 5000 PHP a month.


In 2010 Ricky joined HSPFI to gain access to its financial services. Ricky is requesting a loan, his first, of 5000 PHP that will be used to purchase additional products to sell. He plans to use the additional revenue generated to improve his business.


About HSPFI:


Hagdan sa Pag-uswag Foundation, Inc., or 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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