Jenillin, 35 years old, married and with four children lives in a coastal community in Naic, Cavite. Her husband works as a fisherman. To help with the needs of the family, Jenillin set up a small store in 2004 selling mostly canned goods and grocery items which are in demand in the community.
As earnings of fisherfolks rely on the sales of the produce, Jenillin's store has been exposed to a higher level of credit sales. Of which, she will only be able to collect at the end of the day or on a weekly basis. However difficult the situation, Jenillin managed to sustain her business for 10 years now. Jenillin makes sure that she only provide credit to neighbors with good repayment habits and stable fishing activities.
In January 2014, Jenillin was invited by a friend to join SEED. After having successfully passed the process, she was able to get a PhP 7,000 loan which she used to primarily purchase fishing net and the rest to refurbish stocks of canned goods from her store.
On her second loan now, Jenillin wants to buy additional stocks of rice, sugar, milk and coffee in bigger volume. These would help her support the needs of her customers which is an advantage over going to the market in the town proper.
SEED, founded in 2004, is a microfinance organization in the Philippines that operates in the metro Manila area.
In addition to loans, SEED provides saving services, business development classes and skills trainings. About 90% of SEED’s active borrowers are underprivileged poor living in depressed, urban areas.