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  • Carolyn Olson supported this loan

1 person is supporting Cynthia Icot

Cynthia Icot

City: Bien Unido, Bohol Country: Philippines Loan Use: Additional capital for her business
Loan Term: 25 Date Posted: Jun. 30, 2016 First Repayment: May. 25, 2016
Opportunity International Client Cynthia Icot

Cynthia Icot has managed a fish vending business for many years to help support her family. She started her business by purchasing fish from local fisherman to sell at the marketplace and eventually earned enough to purchase her own boat. Now, her husband fishes each day and Cynthia sells his catches at the market to provide for their four children. Although her business has grown from its meager beginnings, Cynthia struggled to earn enough to give her children a quality education while also meeting her family’s daily needs.

Everything began to change when Cynthia’s friend encouraged her to join Opportunity International. She joined a Trust Group where she received valuable financial training and a loan, which she used to purchase additional fish to sell alongside her husband’s daily catches. She is confident that this will increase her profits and make it easier for her to pay her children’s school fees on top of her family’s other expenses. Cynthia also hired two employees to assist her husband on the boat, creating jobs for her neighbors and giving them the chance to provide for their own families.

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 clients loan was dispursed, so that it can help fund more loans. Your inital gift continues to have an impact after the first loan is repaid.