A loan of $400 helped to purchase additional vegetables & spices.

Marlene's story

Marlene L. is from the village of West Kibawe, Kibawe, Bukidnon. She is 47 years old. Marlene is married and has 2 grown children. To make a living, Marlene owns & operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and, selling vegetables like stringbeans, pechay, cabbages, spices & food seasonings in the local community. Marlene has been engaged in her business for over 3 years and earns approximately 10000 PHP a month for these activities.

In 2009, Marlene joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Marlene has successfully repaid a previous loan of 14000 PHP from HSPFI. This previous loan was used towards working capital and to purchase additional vegetables. Marlene is requesting a new loan of 17000 PHP which will be used to purchase additional vegetables & spices. This will be the 5th loan taken out by Marlene 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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