We attended a round table with Citi Philippines CEO Batara Sianturi and eight beneficiaries of the Citi Microenterprise Development Center (CMDC). CMDC trains, coaches, and mentors high-potential micro business owners. It has been recognized with a social empowerment award by the Asia Responsible Entrepreneurship Program.
In part 1 of the podcast, the microentrepreneurs tell us how they got started in business, and express their fears about the future of their enterprises. We’ll hear from a former overseas worker who had had enough of being separated from her family for long periods, so she set up a business that would keep her at home in the Philippines. Then there’s the former sugar plantation laborer who got a small plot of land in the agrarian reform program and turned it into a thriving plantation.
In part 2, the microentrepreneurs tell us how they overcame personal hardships, what they’ve learned about running their own businesses, and how entrepreneurship has changed their families’ fortunes. A start-up entrepreneur recounts how she switched from a hollow block-making business to something closer to her heart: native Filipino snacks. A widowed mother of three marshaled her inner resources to build a thriving meat processing business and now extends financial assistance to other microentrepreneurs.
Hear their stories in our two-part podcast at the Citi Microenterprise Development Center.