Gina

Gina is 48 years old hardworking woman. She is married to Fernando. The couple has two sons and two daughters. Two of her children are already married and live separately while the other two are still studying in college and in high school. She lives with her family in Cebu Province. Gina’s husband is an overseas worker. Her husband’s salary helped as her capital when she started her business.

Gina is a groceries store owner. She has been running her business for over 10 years. Two of her children help her in running the business. She offers retail and wholesale prices for her customers. She also gives special prices to her regular customers. Her store is open every day from 5 am and closes to 9 pm. Her average sales are 6,000 pesos (£86.41) a day. Her estimated working capital is 35,000 pesos (£504.10). Gina is connected to a wholesale supplier that delivers her stocks every week, aside from that she also purchases some of her stocks from a bigger market. In handling her business, Gina experienced many hardships. She experiences losses and capital shortages. But with the help of some lenders, Gina was able to overcome the hardships and she stood up for the future of her business.

Gina became a member of the MFI- Lamac in the year 2019. Back then, she availed of 10 loan cycles with a good track record of paying. This time, she applied for another loan amounting to 100,000 pesos (£1,439.84) to have additional capital to add more stocks to her store that are in demand from her customer's needs. Gina has high hopes of earning more profits since she’s planning to have the business expansion to give better service to the customers and to create employment to help other people.

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