Ofelia B. is from the village of Ilaya, Balulang, Cagayan de Oro City. She 36 years old, married, and has three school-aged children. To make a living, Ofelia owns and operates a food sector business making and selling food. While not her only means of generating revenue, Ofelia’s main source of income comes primarily from making and selling a variety of food products, especially food delicacies, or viands. Ofelia also sells rice by the kilogram in the local community. She has been engaged in her business for over two years and earns approximately 4,000 PHP a month from these activities.
Ofelia joined Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) in 2010 to gain access to financial services to improve her living situation and ability to engage in business activities. This loan will be Ofelia’s second loan from HSPFI. She has successfully repaid a previous loan of 5,000 PHP that she used to expand her business. Ofelia is requesting a new loan of 8,000 PHP to purchase the raw ingredients needed to make products to sell and also to use as working capital. Ofelia plans to use the additional revenue generated from her business to improve and expand.
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.
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.