A loan of $400 helped to purchase additional clothes and for working capital.


Yolanda's story

Yolanda G. is fifty years old, married and has three school-aged children. She is from the village of Malipayon, part of the municipality of Pangantucan, Bukidnon province in the Mindanao islands. Yolanda buys and sells ready-to-wear and used clothing to the local community. Yolanda has been in business for over three years and earns approximately 10,000 PHP a month.


In 2008, Yolanda joined HSPFI to gain access to its financial services. She successfully repaid a previous loan, her sixth from HSPFI, of 14,000 PHP from HSPFI that was used to purchase additional clothing to buy and sell. Yolanda is requesting a new loan of 17,000 PHP that will be used to purchase additional inventory and for working capital. She plans to use the additional revenue generated to improve her business.


About HSPFI:


Hagdan sa Pag-uswag Foundation, Inc., or 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it to continue to post loans in English while providing quality and accurate information to Kiva lenders.



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