A loan of $550 helped to purchase raw materials like bamboo, nails & varnish paints.

Mercedita's story

Mercedita B. is from the village of Kuguita, Mambajao, Camiguin Province. She is 45 years old. Mercedita is married and has 4 school-aged children. Mercedita owns & operates a furniture making business, making & selling general household bamboo made furniture like sofa & tables to local businesses and community members. Mercedita has been engaged in her business for over 18 years and earns approximately 15000 PHP a month for these activities.

In 2009, Mercedita joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Mercedita has successfully repaid a previous loan of 20000 PHP from HSPFI. This previous loan was used to purchase additional raw materials to expand the product offerings. Mercedita is requesting a new loan of 23000 PHP which will be used to purchase raw materials like bamboo, nails & varnishing paints. This will be the 7th loan taken out by Mercedita from HSPFI. She plans to use the additional revenue generated from the business to improve and 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.

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