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5 people are supporting Gladys Mendoza

Gladys Mendoza

City: Cúcuta Country: Colombia Loan Use: Buying a printer and making home improvements
Loan Term: 40 Date Posted: December 06, 2017 First Repayment: July 19, 2017
Opportunity International Client Gladys Mendoza

Gladys Mendoza lives with her husband and three grandsons in Cúcuta, Colombia. Although she is past retirement age and she receives a small pension, Gladys still works selling fruit in a pushcart. Not only is she still full of energy, she wants to support her grandchildren in whatever way she can.
Gladys used to push her fruit cart every day to a corner in downtown Cúcuta, where an Opportunity loan officer would pass on her way to work. This officer gave Gladys a business card and explained the characteristics and requirements of an Opportunity microfinance loan. Gladys had been looking for something quite like this for a while. Gladys wanted to buy a printer for her grandson, who needed it badly for school and also to make some improvements to her house, so as to be more comfortable. To pay for both things at once would have set Gladys’ budget off balance, but to pay in several installments was perfect. Gladys hopes that her business stays buoyant for many more years and that she will be able to send her grandchildren to university.

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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