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5 people are supporting Maria del Carmen Bermudez

Maria del Carmen Bermudez

City: Bogota Country: Colombia Loan Use: To purchase ingredients for the arepas
Loan Term: 104 Date Posted: April 04, 2017 First Repayment: March 31, 2017
Opportunity International Client Maria del Carmen Bermudez

Maria del Carmen Bermudez lives in Bogota, Colombia with her husband and their three children. For years, they have worked hard to support their children’s educations and to meet all of their family’s needs; however, they have had trouble affording all of their household expenses. Maria has worked as a food vendor for many years, making fresh arepas to sell to hungry customers. Thanks to all her hard work, Maria’s business grew significantly and soon she had her own production facility where she employed other people to enough arepas to sell to both customers and retailers in her community. However, after paying her children’s school fees and supporting her family’s expenses, sometimes Maria did not have the capital she needed to purchase ingredients for her business.

Maria found the solution to her business troubles when she joined Opportunity International. She received training and a loan that she is using to buy ingredients for her business in bulk. With more ingredients, she will be able to significantly increase her food production, giving her the means to sell to more customers and increase her profits. Maria plans to continue expanding her production facility in the future so she can create more jobs for people in her community and earn enough income to send all of her children to college.

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.