Raise Capital for Entrepreneurs in the Philippines

by Opportunity International
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines
Raise Capital for Entrepreneurs in the Philippines

Project Report | Oct 14, 2013
Your impact on Concepcion and many others like her

By Madeline Stone | Marketing and Communications Associate

Following years of growth in outreach, Opportunity lost some ground in the Philippines in 2012, due to the substantial impact of two typhoons on our clients and lending portfolio. With a healthy portfolio, and every reason to be hopeful about the future in Philippines, we anticipate renewed growth in 2013. With your support we can help more people like Manila businesswoman, Concepcion*, who makes 10 types of ceramics products in her small rented shop. With the help of several Opportunity loans, Concepcion purchased clay, paint and equipment such as a mixing machine and rented a larger shop. She now employs seven workers and produces an inventory of hundreds of products, including delicate bowls, colorful mugs and decorative statuary. She sells her work in boutiques and shopping malls, as well as exports it to the U.S., Australia and Germany. The increased revenue from her business as a result of her loans has allowed Concepcion, her husband, Jesus, and her three children, Christine Joy, Jesse and Charme, to live more comfortably. Christine Joy is currently enrolled in university studying psychology, while Charme will study business management once Christine graduates. Jesse stays at home to help support the family. A few years ago, Concepcion's husband was involved in an accident that left him disabled. The event strengthened the family's resolve to support each other. "Despite my husband's physical condition, we have a successful business," she said. "We pray God will guide us every day." Concepcion pays it forward by sharing her business knowledge with members of her church. She advises them on how to price items and manage a business. She says she is thankful for the blessings God provides her and looks forward to a brighter future. Opportunity International is privileged to work with exceptional clients like Concepcion, who use a small investment to transform their lives, families and communities.

 

*the identities of the beneficiaries have been changed for privacy

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Organization Information

Opportunity International

Location: Chicago, IL - USA
Website:
Opportunity International
Ally Lynch
Project Leader:
Ally Lynch
Oak Brook , IL United States

Funded Project!

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
   

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