A loan of $200 helped to purchase additional products to sell.

Angelica's story

Angelica A. is from the village of Macasandig, Cagayan de Oro City. She is 25 years old, married and has 1 infant. Angelica owns & operates a sari-sari (variety) retail shop where she buys and sells daily use products such as shampoo, soap, toothpaste, canned goods & snack food. She decided to change her business from fruit vending to running a retail store because she finds it more profitable. Angelica is just starting this business.

In 2010, Angelica joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Angelica has successfully repaid a previous loan of 5,000 PHP from HSPFI. This previous loan was used to purchase additional inventory & provide working capital. She is requesting a new loan of 8,000 PHP which will be used to purchase additional products to sell. This will be her 2nd loan from HSPFI. She plans to use the additional revenue generated to improve and 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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