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Miguel Angel
Miguel is a calm, optimistic person with high values. He has three children and lives in San Gabriel in the province of Carchi in northern Ecuador.

Miguel makes wood doors for a living and started the business 15 years ago. He works on an order basis and little by little has been able to grow his business, which is his source of income to cover his family's needs. This is his sixth loan through Fodemi, as he is very enterprising and wants his business to continue growing so he can increase his income.

His dream is to be able to build his own house.
View original language description ↓
Miguel es una persona tranquila, optimista y con muchos valores. Miguel tiene 3 hijos, vive en San Gabriel en la Provincia del Carchi al Norte de Ecuador.

Miguel trabaja en la fabricación de puertas de madera, este negocio el empezó hace 15 años, trabajaba por pedidos y poco a poco ha ido incrementando su negocio, este negocio es aquel que le da el sustento para cubrir las necesidades de sus hijos y de el, es por eso que realiza el sexto crédito en Fodemi ya que es una persona emprendedora y quiere que su negocio siga creciendo porque al igual sus ingresos serán mejores.

Su sueño es poder contruir su casa propia.

Additional Information

About VisionFund Ecuador

VisionFund Ecuador is a microenterprise development fund that supports groups of entrepreneurs who lack access to formal financial systems. The organization works with vulnerable populations, especially women, in the marginalized urban and rural sectors of Ecuador. Its clients work in a variety of sectors including agriculture, artisan crafts and the commercial and service sectors. Kiva lenders’ funds are used to expand the organization’s services to the poor living in more rural parts of Ecuador.

About Ecuador

  • $10,600
    Average annual income
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Miguel Angel to buy wood and materials such as varnish, paint and other items to continue making doors.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 2, 2013