A loan of $125 helped to purchase additional products to sell like canned goods & snack foods.

Lourdes's story

Lourdes P. is from the village of Talisayan, Misamis Oriental. She is 54 years old. Lourdes is married and has five children. To make a living, Lourdes owns & operates a sari-sari (variety) retail shop. While not the only means for generating revenue, the main source of income for the business comes from buying and selling daily use products such as shampoo, soap, canned goods, snack foods & beverages in the local community. Lourdes has been engaged in her business for over 3 years and earns approximately 9000 PHP a month for these activities.

In 2008, Lourdes joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lourdes has successfully repaid a previous loan of 12,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and as working capital. Lourdes is requesting a new loan of 5000 PHP which will be used to purchase additional products to sell like canned goods & snack foods. This will be the 6th loan taken out by Lourdes from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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