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MARY GRACE BALARID

City: P-7 GAMUT, BAROBO, SURIGAO DEL SUR Country: Philippines Loan Use: ADDITIONAL CAPITAL
Loan Term: 23 Date Posted: October 10, 2018 First Repayment: 
Opportunity International Client MARY GRACE BALARID

Mary Grace Balarid lives in Del Sur, Philippines, with her husband, Jimmy, and their five children. To support her family, Mary Grace operates a small general store. However, she didn’t have sufficient capital to keep products stocked, and her sales faltered. Despite the couple’s hard work, they struggled to provide for their family. Mary Grace wanted to expand her general store and increase her earnings, but she didn’t know where to begin. Mary Grace found the solution to her business problems when her friend Virginia encouraged her to join the organization. After completing financial literacy training, Mary Grace received her first loan, which she invested in her store. Her success has enabled her to open a second business—a karaoke rental! Mary Grace dreams her new business will succeed, too. So far, her growth as an entrepreneur has been immensely helpful to her family. Mary Grace hopes to continue in her entrepreneurial training with Opportunity so that she can wisely handle her family’s financial matters.

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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