Tuesday, August 14, 2012

Cranbury Council Lends Support to a Family Through Opportunity International

Eduardo Francisco and Family

 


 

 

 

 

About Eduardo Francisco

  • City: Palawan
  • Country: Philippines
  • Loan Requested: $475
  • Loan Term: 50 weeks
  • Loan Use: Additional capital and expansion
  • Date Posted: June 11, 2012
  • First Repayment: June 04, 2012
Eduardo Francisco is a 40-year-old father of one son from Coron, Palawan, in the Philippines. He and his wife run a store that sells and repairs cell phones.
After Typhoon Frank devastated Iloilo City in 2008, they moved to Palawan and though he was a stranger there, this didn't hinder Eduardo from using a small amount of capital--about $9--to open his business. He recalls on his first day, he earned only $1.40, barely enough to feed his family. But he was determined to persevere with his business.
He imported products from Manila and local retailers. He says that being honest in his business dealings and making good contacts are essential to growing a thriving business.
Eduardo plans to expand his business and add more products for their store. He also wants to hire workers to operate the store while he's out buying products and to make repairs. He and his family are active in their church and are valued members of their local community.

To learn more about this, contact Steven Leibowitz at sleibowitz@ussco.com.

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