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  • James Cook

1 person is supporting LOLITA BAÑARES

LOLITA BAÑARES

City: CRISANTA VILLAGE, BLOCK 11, LOT 14, PAGBILAO, QUEZON Country: Philippines Loan Use: ADDITIONAL
Loan Term: 23 Date Posted: April 25, 2019 First Repayment: 
Opportunity International Client LOLITA  BAÑARES

Lolita Bañares lives in Quezon, Philippines, with her husband Fernandino and their three children. To provide for her family, Lolita started a small general goods store. But a few years ago, one of her children was hospitalized, and she couldn’t afford to both cover the medical bills and maintain her store. She tried borrowing money from relatives, but she still struggled financially. Everything began to change for Lolita when a friend encouraged her to join Opportunity International. After completing financial literacy training, Lolita received her first loan, which she invested in her business. The loan provided the small financial boost Lolita needed to improve her store, and her profits ensured that she could afford her child’s medications. Lolita says she is grateful for the positive impact Opportunity has had on her life. Lolita plans to expand her product selection and attract more customers to her shop.

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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