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  • Linda And William Fischbach
  • Bruce Phelps

2 people are supporting MILDRED DEPAMUCENO

MILDRED DEPAMUCENO

City: BULAQUENA, ESTANCIA, ILOILO Country: Philippines Loan Use: ADDITIONAL CAPITAL
Loan Term: 23 Date Posted: January 09, 2019 First Repayment: 
Opportunity International Client MILDRED DEPAMUCENO

Mildred Depamuceno is a hardworking mother and entrepreneur who lives in the Philippines with her partner, Arnolfo Silverio, and son. Last year, Mildred began managing a convenience store to provide a variety of groceries and food products to her community members. To make ends meet, Arnolfo works as a carpenter in town. It hasn’t been easy for their family, and there was a time when Mildred and Arnolfo were not able to afford to send their child to school. Everything began to change for Mildred when a friend introduced her to Opportunity International. Mildred received financial training and a loan to invest in her shop and purchase inventory in bulk. With more products to sell and a greater diversity of products, Mildred was able to attract new customers and increase her sales. She plans to use some of those profits on some necessary home repairs and will apply other earnings toward school fees for her son. Thanks to the loan she received, Mildred will be able to save for her son’s education and future.

Frequently Asked Questions

How do entrepreneurs become Opportunity International loan clients?

Opportunity International conducts interviews with prospective clients to get a better understanding of their situation, so we can construct a loan that’s tailored to their needs and capabilities.

If I help fund a loan, should I expect to be paid back?

When you help to fund a loan, you are making a donation to Opportunity International. When those funds are repaid by the client, the funds remain in the country where the original client’s loan was disbursed, so that it can help fund more loans. Your initial gift continues to have an impact after the first loan is repaid.

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