A loan of $350 helped to purchase tools needed for the maintenance of the motorsikad.

Margie's story

Margie A. is from the village of Wadya, Banisilan, Cotabato. She is 49 years old, married and has 5 adult-aged children. Margie owns and operates a business providing motorsikad or habal-habal services with her husband as the driver to local community members. Margie has been engaged in her business for over 5 years and earns approximately 7,000 PHP a month from it.

In 2008, Margie joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Margie has successfully repaid a previous loan of 15,000 PHP from HSPFI, which was used to to purchase tools needed to provide service. Margie is requesting a new loan of 15,000 PHP which will be used to purchase tools needed for the maintenance of the motorsikad. This will be the 11th loan taken out by Margie from HSPFI. She plans to use the additional revenue generated from the business to improve/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.

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