Herminia P. is from the village of Francfort, Bumbaran, Lanao del Sur. She is 39 years old. Herminia is married and has two school-aged children. To make a living, she owns and operates a sari-sari (variety) retail shop, selling both food and daily use products, and also retailing rice per kilogram in the local community. She has been engaged in her business for over five years and earns approximately $225 a month for these activities.
In 2009, Herminia joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from HSPFI. This previous loan was used to purchase additional products to sell.
Herminia is requesting a new loan of 10,000 PHP which will be used to purchase additional inventory and as working capital. This will be her 7th loan from HSPFI. She plans to use the additional revenue generated to improve her business.
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, 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.
About Hagdan Sa Pag-uswag Foundation, Inc.
Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI) is a non-governmental development organization founded in 1987 to promote Christian values through microfinance services in the Philippines. It partners with Opportunity International and the Mindanao Microfinance Council among others, and offers a range of business and community development services, including savings and insurance programs in addition to lending.