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6 people are supporting ADELAIDA ESPLANA

ADELAIDA ESPLANA

City: BRGY. PUNONG, STA. CRUZ, MARINDUQUE Country: Philippines Loan Use: ADDITIONAL CAPITAL
Loan Term: 25 Date Posted: September 21, 2018 First Repayment: 
Opportunity International Client ADELAIDA ESPLANA

“Time is gold!” This is the motto of Adelaida Esplana, a small business owner in the Philippines. Adelaida operates a small convenience store, which she started in 2001. Like many other mothers, her primary concern are her daughter's college expenses. Adelaida decided to start her convenience store hoping that it would help her generate a larger income for her family's daily needs. But along the way she encountered hardships in her business, including unpaid credits of some of her customers, as well as unexpected expenses in the family, and unstable capital. Luckily, her sibling introduced her to Opportunity International and encouraged her to join. Adelaida received valuable financial training and a loan. She has found a partner in Opportunity, and after almost 15 years, she remains grateful for the assistance she received. Adelaida explains that if it weren't for Opportunity, her business would have never been so successful. Adelaida is planning to continue to grow her convenience store and invest in a new food vending business.

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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