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6 people are supporting Matilde Vargas

Matilde Vargas

City: Bogota Country: Colombia Loan Use: To remodel her business
Loan Term: 96 Date Posted: October 23, 2017 First Repayment: May 30, 2017
Opportunity International Client Matilde Vargas

Matilde is a single mother living in Bogota, Colombia with her five-year-old son. For years, she has worked very hard on her cyber café and her stationery to support her son. She wakes up early every day to help her son get ready to go to school and then she opens her business. One of her friends talked to her about Opportunity International and Matilde thought that a small loan scaled to the size of her business was exactly what she needed to continue to grow. She received valuable financial training and a loan that she used to remodel her business. She placed glass partitions to make phone booths, bought a showcase, and she included photography service. Matilde is happy that she could be able to expand her cyber café and that her sales have increased. Matilde dreams to one day buy a house for her and her son and she is working hard to achieve her goals.

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.