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5 people are supporting Lorenda Caanawan

Lorenda Caanawan

City: Bayanihan, Ma. Aurora Country: Philippines Loan Use: additional capital
Loan Term: 24 Date Posted: June 07, 2017 First Repayment: May 26, 2017
Opportunity International Client Lorenda Caanawan

Lorenda Caanawan is a hardworking entrepreneur who lives with her husband, Jamuol, and their two children in Bayanihan, Philippines. For the past several years, Lorenda has managed her own sari-sari store to help her husband support their family. She sells a wide variety of groceries at her store, including eggs, dried fish, canned goods, snacks and household products, but despite her wide range of products, Lorenda has struggled to support her business and her family's needs. Although she was able to put food on her family's table, she struggled to scrape together enough income to pay her children's school fees and to invest in her store's growth.

Lorenda found the solution to her financial troubles when she joined an Opportunity International Trust Group. She received valuable financial training and a loan to purchase stock for her store in bulk. With her shelves fully stocked with new merchandise, Lorenda has been able to meet more of her neighbors' needs, sell to more customers and increase her income. Now that her store is thriving, she plans to save her earnings so she can give her children a quality education and the chance for a life free from poverty.

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.