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  • Carolyn Olson

1 person is supporting Jennifer Coronell

Jennifer Coronell

City: Barranquilla Country: Colombia Loan Use: To buy beauty products
Loan Term: 24 Date Posted:  First Repayment: October 02, 2019
Opportunity International Client Jennifer Coronell

Jennifer Coronell is a hardworking entrepreneur that lives in the city of Barranquilla, Colombia. A single mother, Jennifer works hard to make sure that she and her daughter are provided for. For many years she has owned and operated a beauty salon where she offers a variety of services for her clients. However, Jennifer found it difficult to grow her business since most of her profits were being used to pay for her family’s daily necessities and her daughter’s school fees. She wanted to find some way to expand her salon but wasn’t sure where to start. Everything began to change when Jennifer heard about the loan and valuable financial training she could receive from Opportunity International. She used her loan to start purchasing beauty products to sell in her salon, which attracted new customers to her business and significantly increased her profits. Jennifer is grateful that this expansion has allowed her family to become more financially stable, and she dreams of opening up a second salon in her community someday.

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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