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  • Linda And William Fischbach

1 person is supporting RUTH ASILAR

RUTH ASILAR

City: PANIAN, BALASAN, ILOILO Country: Philippines Loan Use: ADDITIONAL CAPITAL
Loan Term: 23 Date Posted: January 09, 2019 First Repayment: 
Opportunity International Client RUTH ASILAR

Ruth Asilar lives in Panian, Philippines, with her husband and their four children. To provide for her family, Ruth operates a snack stand. However, she faced financial challenges, and she could not grow her business because her limited capital went toward paying for her children’s education. Ruth sought to expand her business so that she could provide for all her family’s needs, but she didn’t have the funds she needed to do so. Ruth found the solution to her financial troubles when a staff member from Opportunity International encouraged her to join the organization. After completing financial literacy training, Ruth received her first loan, which she invested in her business. The small financial boost allowed Ruth to make the improvements she needed, and now, she feels capable of supporting her family’s needs. Ruth says she is grateful for her partnership with Opportunity because not only does she have access to loans, but her family has benefited from the insurance program, too. Ruth applied for a second loan, which she plans to invest in her snack business with the goal of increasing her earnings. She wants to support her family as best as she can.

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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