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3 people are supporting LISELDA PARANTAR

LISELDA PARANTAR

City: CANBANUA, ARGAO, CEBU Country: Philippines Loan Use: ADDITIONAL CAPITAL
Loan Term: 23 Date Posted: March 14, 2018 First Repayment: 
Opportunity International Client LISELDA PARANTAR

Liselda Parantar lives in Canbanua, Philippines, with her husband and their two children. To help support her family, Liselda opened her own convenience store, selling groceries and snacks to locals in the neighborhood. But admittedly, Liselda opened the store with little experience in managing a business and knew she would have to learn quickly before she found herself in over her head with her good intentions backfiring against her family. But with little to spare in the family budget, there wasn’t much room for risk if the store fell too far behind.
When her mother introduced her to the programs offered through Opportunity International, Liselda’s fears of letting her family down began to subside. She was given valuable financial training and a small loan to invest into her store. Liselda swiftly applied her lessons to her operations management: purchasing in bulk at lower prices, providing a greater variety and selection of goods to increase customer interest, and improving overall efficiencies. With the benefits of the improvements Liselda has been able to set aside profits for her kids’ educational savings, and she’s already planning to expand her business enterprise.

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.