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  • Ian Haisley
  • Joe Jones
  • Danny Cancino
  • Lisa Weier

4 people are supporting Sylvia Paragas

Sylvia Paragas

City: Managaldan, Pangasinan Country: Philippines Loan Use: additional capital
Loan Term: 24 Date Posted: June 07, 2017 First Repayment: April 19, 2017
Opportunity International Client Sylvia Paragas

Sylvia Paragas is a young entrepreneur who lives in Mangaldan, Philippines. Sylvia's parents did not have enough money to send her to college, so after she completed high school, Sylvia started her own food vending business. Each day, she makes pork cracklings that she sells in large bags to retailers in her community and at the local marketplace. Although she is only 21 years old, Sylvia's business and demand for her pork cracklings are growing rapidly, but she did not have the capital she needed to expand her operation since most of her earnings went towards supporting her parents and siblings.

Everything began to change when Sylvia's friends encouraged her to join Opportunity International. She joined a Trust Group where she received valuable financial training and a loan to expand her business. She used her loan to purchase ingredients in bulk, giving her the means to significantly increase her pork crackling production. Now, she can sell to more retailers and customers each week, and her profits are higher than ever before. Sylvia is proud of her thriving business and hopes that it will continue to grow so she can help raise her family out of 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.