• Lisa Weier

1 person is supporting Ludivina Jumangit

Ludivina Jumangit

City: Baclayon, Bohol Country: Philippines Loan Use: Additional Capital
Loan Term: 25 Date Posted: June 07, 2017 First Repayment: May 26, 2017
Opportunity International Client Ludivina Jumangit

Ludivina Jumangit is an enterprising entrepreneur who turned her passion for baking into a thriving business in Baclayon, Philippines. She started her own bakery over 15 years ago out of her home where she bakes a wide variety of traditional Filipino sweets. She sells her baked goods from her home, and also supplies them to retailers and businesses in her community. Although her business has grown over the years, Ludivina has struggled to sustain it as the cost of her ingredients continued to rise. She was determined to expand her business, but after paying her household expenses, she never had enough capital to invest in her bakery's growth.

Ludivina found the solution to her financial troubles when a loan officer who visited her bakery encouraged her to join Opportunity International. She received valuable financial training and attended sessions to learn how to optimize her operations, and used her loan to purchase packaging materials for her baked goods and purple yams, or ube, in bulk to make larger supplies of her most popular dessert. She also added new items to her menu, including cakes, which have helped her attract new customers and drive her profits higher. Now, her bakery is the thriving business she always dreamed it could be, and Ludivina plans to save her earnings so she can purchase more equipment, expand her business even more and create jobs in her community.

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.

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