A loan of $475 helped to purchase additional products such as canned goods, junk food, and beverages.


Lucy's story

Lucy S. is a 47-year-old, married woman from the village of Thailand, Banisilan, South Cotabato. She and her husband have four adult-age children. To earn a living, Lucy owns and operates a business venture in the retail sector. Specifically, she runs a sari-sari (variety) shop, and her primary source of income is derived from buying and selling canned goods, junk food, beverages, shampoo, soap, and biscuits in the local community. Lucy has been engaged in her business for over five years and earns approximately 10,000 PHP per month from these activities.

In 2008, Lucy joined HSPFI to gain much-needed access to financial services. As a result, she was better able to engage in business activities and to thereby improve her family's standard of living. Recently, Lucy successfully repaid a loan in the amount of 15,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and for working capital purposes. Lucy is now requesting a new loan, this time in the amount of 20,000 PHP ($475), which will be used to purchase additional products like canned goods, junk food, and beverages. Notably, this loan would be the sixth loan taken out by Lucy from HSPFI. She plans to use the additional revenue generated from the business as a result of the loan to improve and 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.



Loan details


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Loan details