Amie P. is from the village of Sugbongcogon, Misamis Oriental. She is 34 years old, married and has 2 school-aged children. To make a living, Amie owns and operates a bakeshop, baking and selling a variety of staple products (including bread) in the local community. She is also engaged in selling snack foods, canned goods and biscuits. Amie has been engaged in her business for over 9 years and earns approximately 11,000 PHP a month from these activities.
In 2008, Amie joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Amie has successfully repaid a previous loan of 11,000 PHP from HSPFI. This previous loan was used to purchase additional cooking ingredients and for additional capital.
Amie is requesting a new loan of 14,000 PHP which will be used to purchase additional inventory and for working capital. This loan will be the 5th loan taken out by Amie from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
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, Kiva created this template for our Field Partner 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.