Daisy A. is from the village of Upper Nazareth, Cagayan de Oro City. She is 39 years old, married, and has 5 school-aged children. To make a living, Daisy owns and operates a business in the retail sector running a sari-sari (variety) retail shop. The primary source of income for the business comes from buying and selling daily use products such as shampoo, soap, canned goods, snacks and toothpaste in the local community. Daisy has been involved in this business for over 15 years and earns approximately 10000 PHP a month.
In 2010, Daisy joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Daisy has successfully repaid a previous loan of 8000 PHP from HSPFI. The previous loan was used to purchase additional inventory and working capital. Daisy is requesting a new loan of 11000 PHP which will be used to purchase additional products to sell, such beverages and canned goods. This will be the third loan taken out by Daisy from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
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.
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.