Jocelyn

Jocelyn, 43 years old, is happily married to Alan Noel. The couple has been blessed with three daughters and two sons. Two of their daughters are already working, while their two sons are attending high school, and the youngest daughter is in elementary school. Both Jocelyn and Alan used to work in private companies, but when the pandemic hit and caused a lockdown, they both stopped working. This prompted them to start a business selling groceries with a small capital.

Jocelyn and her husband started their business with a small capital of £14, selling a few energy drinks, seasonings, noodles, canned products, and mineral water during the pandemic. At that time, they had stopped working, and many people were unable to go to the market, which made their products in high demand, especially among their neighbours. Jocelyn and her husband worked hard to keep their small business running, relying solely on their daily sales.

Now, they are grateful that their store has survived and undergone significant changes since the beginning. Their store now offers a wider range of products, and they are proud to say that their capital for each purchase has grown from £14 to £137 in weekly purchases from the mall. Their daily sales range from £55 to £69. Jocelyn and her husband are very hands-on in managing their business, and they want to restock more products, especially sacks of rice, as they have started offering rice credits payable within one month to their loyal customers. This requires additional capital to sustain their offerings.

They also plan to expand their capital for G-cash transactions, as they have noticed an increasing demand for cash-in and cash-out services. To support this, Jocelyn has applied for her fifth loan from MFI-LAMAC, a Lendwithcare partner in the Philippines. She has successfully repaid her previous loans and is in good standing. She intends to repay the loan within 12 monthly instalments, hoping for further growth of their business.