Karen Tampus is a 30-year-old entrepreneur. She lives with her husband and one child who attends school in the village of Palanas Ronda in Cebu province, in The Philippines. Sulpicio, her husband, is also 30 years old and works on a shipping line.
To deal with their household expenses, Karen started a general store business in 2009. Karen sells consumable goods such as rice, corn, eggs, tinned goods, biscuits, chips, powdered drinks, condiments, and hygienic products. She also sells cold drinks and animal feeds. Her store is open every day from 7 am until 10 in the evening. She offers her products in cash and credits and earns about 1,500 to 2,500 pesos (£21 to £36) a day.
She employs one woman to help her in managing the business. Her employee lives with them and is payed a salary on a monthly basis.
To earn more income, Karen also runs a computer shop. Currently she has twelve computers in good working condition that she offers for research, computer games and internet browsing. She can earn a total of 3,000 to 4,000 pesos (£42 to £57) a week from her computers. She has a good internet connection which is why her customers keep coming back.
She requested a loan in order to buy two more computers. She will also buy three plastic chairs and two wooden tables to place the computers on. The rest of the funds will be used to purchase more stocks to sell at her store. She will add new stocks like slippers, sandals and shoes for all ages and sexes. Karen will continue to find new stock to sell for her customers to keep them coming back and continue earning more money. She is doing everything to improve their way of living and slowly saving for her child’s future.