A loan of $125 helped to purchase used clothes to sell.

Lida's story

Lida R. is from the village of Lunao, Gingoog City. She is 58 years old. Lida is married and has 1 adult child. To make a living, Lida owns & operates a business venture in the retail sector running a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling used clothing, or ukay-ukay, in the local community. Lida has been engaged in her business for over 5 years and earns approximately 3000 PHP a month for these activities.

In 2010, Lida joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lida is requesting a loan of 5000 PHP, which will be used to purchase additional used clothes or ukay-ukay. This loan will be the 1st loan taken out by Lida 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

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Loan details