A loan of $325 helped to purchase additional raw ingredients and increase working capital.


Carmelita's story

Carmelita C. is from the village of Bangahan, Pangantucan, Bukidnon. She is 52 years old. Carmelita is married and has 4 adult-aged children. To make a living, Carmelita owns and operates a business making and selling food. The main source of income comes primarily from making and selling Filipino snacks, delicacies like bitso-bitso and toron, in the local community. Carmelita has been engaged in her business for over 8 years and earns approximately 8000 PHP a month for these activities.

In 2009, Carmelita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Carmelita has successfully repaid a previous loan of 11000 PHP from HSPFI. This previous loan was used to purchase raw ingredients needed to make products for sale. Carmelita is requesting a new loan of 14000 PHP, which will be used to purchase additional raw ingredients and increase working capital. This loan will be the 4th loan taken out by Carmelita from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

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.



Loan details


Lenders and lending teams



Loan details