A loan of $200 helped to purchase stock and expand livestock business.

Marife's story

Marife R. is from the village of Kimanait, Pangantucan, Bukidnon. She is 43 years old. Marife is married and has 5 adult-aged children. To make a living, Marife owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and raising pigs for sale. She also runs a retail store which sells assorted products. Marife has been engaged in her business for over 5 years and earns approximately 5,000 PHP a month for these activities.

In 2008, Marife joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Marife has successfully repaid a previous loan of 8,000 PHP from HSPFI. This previous loan was used to to purchase livestock feed and other supplies. Marife is requesting a new loan of 8,000 PHP, which will be used to expand her business by purchasing stock for her store. This loan will be the 5th loan taken out by Marife from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her businesses.

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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