Shirley’s Story: Arduous work and a microloan turned Shirley right into a profitable enterprise proprietor

By: Ladies’s World Banking

Shirley Ecot owes her work ethic to her mom: “We have been taught to do enterprise the onerous means.” Her mom skilled them to get up at 1 within the morning to make sure they have been on the market when it opened at 3 AM.

Shirley helped out in her household’s market stall for years earlier than getting married and transfer to a brand new metropolis together with her husband the place they opened a small sundries merchandising operation. They took the financial savings from this earnings to begin making and promoting a brand new product: cooked peanuts. The couple offered their product round faculties, markets and the bus terminal moderately efficiently till Shirley turned pregnant. They moved again to their hometown the place they resumed their enterprise. Slowly however certainly, they have been capable of promote extra sorts of peanuts to extra shops.

They began borrowing cash to have the ability to sustain with provide however this got here with an added stress: the unrelenting have to pay their money owed on a regular basis. Fortunate for Shirley, Ladies’s World Banking community member Negros Ladies for Tomorrow Basis (NWTF) was working in her space. Shirley joined Challenge Dungganon which helped her purchase further provides and gear, finally formalizing her enterprise to “Fritzie’s Peanuts,” named after their son. With each mortgage from Shirley was capable of develop and increase her enterprise from a cell merchandising stall to a proper operation that generates greater than PHP 300,000 (USD 6,250) per thirty days and employs members of 15 households in her neighborhood.

“It’s superb and fulfilling to the touch others’ lives in [a] easy and humble means. I pray that God will proceed to bathe us His blessings in order that I can proceed to assist others in my neighborhood. In spite of everything, it’s God who gave me Challenge Dungganon, Fritzie and Fritzie’s, so I actually thank Him at all times.”

In 2009, she was awarded the Masikap Award by the Citi Microentrepreneurship Awards, in recognition of her accomplishments.

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