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  • Carolyn Olson supported this loan
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2 people are supporting Sylvia Angellano

Sylvia Angellano

City: Talugtog Country: Philippines Loan Use: additional capital for the business
Loan Term: 24 Date Posted: Jun. 20, 2016 First Repayment: Jun. 20, 2016
Opportunity International Client Sylvia  Angellano

Sylvia lives with her husband, Arnold, and their two children in Talugtog, Philippines. For years, Sylvia has managed her food vending business while her husband has worked as a tricycle driver transporting customers throughout nearby villages to earn a living. Sylvia makes a variety of popular street foods to sell at her eatery, but she has struggled to earn enough to pay her children’s school fees while also meeting her family’s daily needs. She knew that if she expanded and diversified her business, she could earn a better living, but she did not have the capital she needed.

Everything began to change when Sylvia became a client of Opportunity International. She has received financial training and she plans on using her loan to start a sari-sari store where she can sell groceries and household goods alongside her eatery. She plans on purchasing a variety of groceries to sell and to save to give her children a quality education. She hopes that once her store is off the ground, she will be able to earn a larger profit and give her family a better quality of life.

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.