Total loan: $675
Naic, Cavite, Calabarzon, Philippines / Food
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Benita's loan finished fundraising,
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A loan helped To buy other seafood items such squid, shrimps, and crabs and sets of fish tubs and ice boxes for her 2nd rented fish stall.
Benita is 65 years old, widowed, with 4 children who are all grown up and have their own family. Her husband, a fisherman, died after 5 years of their marriage, leaving all her 4 little children with her to raise and look after. When her husband’s death, she started working as a helper in the fish port where she cleans up scattered empty fish tubs. With the little money she earned, she made it a point to save until she was able to set up a small capital for her to sell fish. She wakes up at 3:00 AM buying fish on the fish port and selling it on the wet market stall she rented and goes home by 10:00 PM. Her hard work in fish vending helped all her children to graduate in college. Ideally, Benita could already retire from working. However, Benita says that she does not want to burden her children with her needs and that she is still strong and capable to work. She came to know of SEED on January 2014 through a friend who is also a member of SEED. Her first loan amounting to PhP 10,000 gave her enough capital to buy variety of fishes to include talakitok (cavalla), tilapia (St. Peter’s fish), bangus (milk fish), dalagang bukid (yellow tail fusilier). This increased her net income from PhP 1,500 a day to PhP 3,000 - 4,000 a day. From then on, Benita’s business greatly improved. On her 4th loan now, she’s now asking for a re-loan amounting to PhP 30,000 to buy other seafood items such squid, shrimps, and crabs and sets of fish tubs and ice boxes which will be used for her 2nd rented fish stall. Aside from securing her own needs, Benita also sees this as an opportunity to help other poor but hardworking individuals in their community. Benita hired a helper for her 2nd rented market stall. Seeing herself when she first started out in the business, Benita supports her helper to earn income so she could finish her college education. She encourages her helper by highlighting the value of perseverance. In the future Benita wants to sustain her savings in anticipation of her retirement. Benita also wants to support other hardworking but deserving individuals in her community.