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  • Linda And William Fischbach

1 person is supporting MARY JEAN LEQUIP

MARY JEAN LEQUIP

City: MANAULAN, LAMBUNAO, ILOILO Country: Philippines Loan Use: ADDITIONAL
Loan Term: 23 Date Posted: July 16, 2019 First Repayment: 
Opportunity International Client MARY JEAN LEQUIP

Mary Jean Lequip lives in the Philippines, with her husband and their son. To provide for her family, she opened a small general goods store a few years ago. However, she had to borrow money to start her business, and she struggled to make a profit. Mary Jean’s husband worked as a farmer, but his income wasn’t enough to cover the family’s expenses, either. Mary Jean found a solution to their financial hardship when some friends encouraged her to join Opportunity International. After completing financial literacy training, Mary Jean received her first loan, which she invested in her business. Between the business training and the loan, Mary Jean says she has made great improvements to her store. Her increased income ensures she can provide for her family’s needs. Looking forward, Mary Jean plans to invest her second loan into expanding her product selection so she can reach even more customers.

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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