Adela R. lives in the village of Taglimao, Cagayan de Oro City. She is 61 years old, widowed and has five grown children. She makes a living by running a sari-sari (or variety) store where she sells canned goods, snacks, detergents, shampoo, soap, biscuits and beverages to people in her community. She has been in this business for more than 10 years and earns about 12,000 PHP a month.
In 2008, Adela joined HSPFI to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid five previous loans from HSPFI and is applying for a new one to buy more items to sell to her customers. She plans to use the additional revenue generated by this loan to expand her business.
HSPFI is a partner 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.