• Carolyn Olson
  • Johnston Lloyd

2 people are supporting Dominga Molina

Dominga Molina

City: Baler Country: Philippines Loan Use: additional capital for business
Loan Term: 24 Date Posted: June 21, 2016 First Repayment: June 07, 2016
Opportunity International Client Dominga Molina

Dominga Molina lives with her husband, Reynaldo, and their three children in Baler, Philippines. Dominga has managed a sari-sari store for several years where she sells groceries and household goods to provide for her family, while her husband works their family’s rice farm. Although her store is family’s main source of income, she has struggled to earn enough to meet their daily needs while also paying her children’s school fees. Dominga knew that she could better provide for her family if she invested in her store, but she didn’t have the capital she needed.

Everything began to change when a visiting loan officer encouraged Dominga to join Opportunity International. She joined a Trust Group and intends to use her loan to purchase stock for her store in bulk. By expanding her selection of merchandise and her amount of stock, she hopes she will be able to meet more customers’ needs, attract new patrons to her business and increase her profits. Dominga is confident that as her business improves, she will be able to give her children the best education she can afford.

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.