Microfinance - Loreta Idol : Philippines

$50 of $100 raised.

Started raising funds on Feb 19, 2010

Loreta Idol is from the village of Kabuhi, Pandan, Mambajao Camiguin Province. She is 43 years old. Loreta is married and has 3 school-aged children. Loreta owns & operates a food production/ sales business, primarily selling a variety of viands. Loreta has been engaged in her business for over 12 years and earns approximately 2,500 PHP a month..In 2010, Loreta joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Loreta is requesting a loan of 4,000 PHP which will be used to purchase raw ingredients needed to make her products. This loan will be the 1st loan taken out by Loreta from HSPFI. She plans to use the additional revenue generated to supplement the family income. About HSPFI:HSPFI is one of the 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 conti...
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