A loan of $350 helped to purchase additional coconuts to sell.

Emma's story

Emma T. is from the village of Minsapinit, Gingoog City. She is 55 years old. Emma is widowed and has four adult children. To make a living, Emma owns and operates a specialized retail store. The main source of income for the business comes from buying and selling coconuts for copra in the local community. Emma has been engaged in her business for over 10 years and earns approximately 15,000 PHP a month for these activities.

In 2009, Emma joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emma has successfully repaid a previous loan of 12,000 PHP from HSPFI. This previous loan was used as working capital and to purchase additional inventory. Emma is requesting a new loan of 15,000 PHP, which will be used to purchase additional coconuts to sell. This loan will be the fourth loan taken out by Emma from HSPFI. She plans to use the additional revenue generated from the business to improve and expand it.

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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Loan details