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small business loans
Image by Ahia
Chinabank's Cebu Business Park branch

Ayala Land has had to concede that the original covenant to build only high-rises is no longer realistic. As various Philippine banks were big owners of prime lots in CBP, we now have a profusion of semi-permanent 2-storey branches on land that was priced for skyscrapers.

These lots were meant for regional headquarters. With improvements in networks and changes to banking processes (mainly greater centralization of loan approvals, etc.) the need for a Cebu HQ apart from the Manila HQ may never really arise. So, these 2-storey buildings may be permanent after all.

In any case, if there are ever any true regional HQs in CBP, there will be fewer than planned, simply because of all the mergers that have taken place. That leaves a much smaller group of names that will want to be emblazoned across the top of 30 to 40 storey buildings.

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Ester Bako
small business loans
Image by Trocaire
Ester Bako (29) completed the Adult Literacy programme at the Twezimbe Centre, Mbiko, Jinja, Uganda. The cenre is run by Sister Maureen of the Franciscan Missionary. Ester's course took one year to complete and concluded with exams. Once she finished the course she was given a small loan to start up her own business. In 2009 she opened her hair dressing business and it is going from strength to strength.

Her formal education ended in primary 3 when her father died and her family couldn’t then afford for her to attend school. She left to look after hens at home.

She is very happy now to be running her own business and she hopes to expand in the near future.

Photo: Alan Whelan/TrĂ³caire.

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