Lenielyn B. is from the village of Hinaplanon, Baikingon, Cagayan de Oro City. She is 29 years old. Lenielyn is married and has one school-aged child. To make a living, Lenielyn owns and operates a retail store where she sells vegetables like squash, eggplants and stringbeans. She also buys and sells electronic loads (prepaid cell phone credits) from several networks like GLOBE and SMART. Lenielyn has been engaged in her business for more than two years and earns approximately 8500 PHP a month.
In 2009, Lenielyn joined HSPFI to gain access to financial services to help improve her business and living situation. Lenielyn has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell and for working capital. Lenielyn is requesting a new loan of 14000 PHP, which she will use to purchase additional inventory and for working capital. This will be the fourth loan taken by Lenielyn from HSPFI. She plans to use the additional revenue generated from the loan to improve and expand her business.
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 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.