A loan of $175 helped to invest in expanding her business.

Jocelyn's story

Jocelyn S. is from the village of Poblacion 1, Banisilan, South Cotabato. She is 44 years old. Jocelyn is married and has 1 school-age child. To make a living, Jocelyn owns & operates a business venture in the services sector operating a service-based business. The main source of income for the business comes primarily from providing wedding attire & wedding souvenirs for rent to local community members. Jocelyn has been engaged in her business for over 5 years and earns approximately 6000 PHP a month for these activities.

In 2010, Jocelyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jocelyn has successfully repaid a previous loan of 5000 PHP from HSPFI. This previous loan was used to purchase additional inventory and for working capital. Jocelyn is requesting a new loan of 7000 PHP which will be used to invest in expanding the business. This loan will be the 2nd loan taken out by Jocelyn from HSPFI.

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.

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