A loan of $200 helped to purchase additional inventory and to provide working capital.


Betty's story

Betty B. is from the village of Baluarte, Lumbia, Cagayan de Oro City. She is 52 years-old and married with three adult children. To make a living, Betty owns and operates a business making and selling food. While not the only means for generating revenue, the main source of income for the business comes from making and selling snacks and other delicacies such as rice cakes and cassava cakes in the local community. She is also buying and selling dried fish.. Betty has been engaged in her business for over a year and earns approximately 3,000 PHP a month.

In 2010, Betty joined Kiva partnerHSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Betty has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to to purchase raw ingredients needed to make products for sale. Betty is requesting a new loan of 8,000 PHP which will be used to purchase additional inventory and to provide working capital. This loan will be the second loan taken out by Betty 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 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.



Loan details

Loan length:

7 months
Disbursed date: October 21, 2010
Facilitated by Field Partner: Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI)

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: October 21, 2010
Facilitated by Field Partner: Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI)