A loan of $325 helped to purchase coconuts and bananas to sell.

Rene's story

Rene V. is from the village of Bobontugan, Jasaan, Misamis Oriental. She is 56 years old. Rene is married and has 2 adult children. To make a living, Rene sells green bananas and coconuts for copras in the local community. She has been engaged in her business for over 10 years and earns approximately 8000 PHP a month from these activities.

In 2009, Rene joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rene has successfully repaid a previous loan of 4000 PHP from HSPFI. This previous loan was used to purchase additional inventory & to fund working capital.

Rene is requesting a new loan of 14000 PHP, which will be used to purchase additional coconuts & bananas to sell. This loan will be her 4th loan from HSPFI. She plans to use the additional revenue generated 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