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3 people are supporting Nelia Carbonel

Nelia Carbonel

City: Dipaculao Country: Philippines Loan Use: buy groceries for the store
Loan Term: 24 Date Posted: Jun. 20, 2016 First Repayment: Jun. 17, 2016
Opportunity International Client Nelia  Carbonel

Nelia lives with her husband in Dipaculao, Philippines. For years, she has managed her sari-sari store while her husband has worked as a produce vendor to earn a living. Nelia sells a wide variety of groceries and household goods at her store, as well as homemade snacks and meals, but she has struggled to earn enough to save for her family’s future. Although she and her husband do not have any children yet, they want to save and prepare for the future so they can attend good schools and have a better quality of life. She knew that if she expanded her store, she could earn a better living, but she did not have the capital she needed.

Nelia found the solution to her business troubles when she became a client of Opportunity International. She has received financial training and she plans on using her loan to invest in new products for her sari-sari store. By expanding her assortment and amount of products, Nelia hopes that she will be able to attract new customers, meet more of her neighbors’ needs and increase her profits.

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.