Olivia’s Store started with comics rental in 1984. Initial capital for the store came from pakimkim (money given to Olive and her husband at their wedding celebration.) With this gift money, she purchased pocketbooks, candies and a variety of snack food which she laid out on a table. After 3 years, Olivia and her husband were able to put up a small sari-sari store (variety store) to which they added new merchandise in response to the suggestions of their customers. The business went smoothly and their store was recognized as the neighborhood sari-sari store.
It was in the year 1999 that Olivia decided to join ASHI. At that time, her ASHI loan of Php 3,000 was sufficient for an additional capital. With the encouragement and support of her husband, the business grew. The increase in her working capital to Php 50,000 enabled her to include E-loan which is in high demand by her customers. She also started selling food, such as eggrolls, and added purified drinking water to her products. Her sari-sari store became known to be the variety store with more reasonable prices than the nearby store in the barangay. Her experience working in the store developed her confidence in dealing with suppliers and openness with her customers.
In 2008, Olivia availed of her 1st Enterprise Loan of Php 75,000 which was used for the expansion of the store, and the purchase of tools and equipment, and bulks of merchandise. Olivia’s store is now registered under the Department of Trade and Industry.
Despite her busy schedule at the store, Olivia is fully committed to her role as Center Chief in ASHI, and attends various trainings to benefit her business performance. At the same time, she is a member of the Local Board of INSOL Development Foundation. Education for their two children was a priority in the life of the Olivia and her husband. For them, it was the only legacy they could leave them. One of her children has completed her studies and is now employed, while the other one is still in school. Having their goal of educating their children almost fully achieved, Olivia would also like to see other members of ASHI to have a stable business someday just like hers. She is indeed a good role model for an entrepreneur.
Posted on Mon, October 26, 2015