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Angel Oswaldo
Angel, 29, is known to be hard-working, responsible, persevering and loyal. He lives with his mother in Ambato, a city in Tungurahua, a province in the central highlands of Ecuador.

Angel operates a leather tanning business. He processes animal hides so that they can be sold on for making jackets, purses, backpacks, shoes, etc. This is his first Fodemi loan and he will use it to buy the raw materials that he needs to grow his business. He already has orders from factories that make leather goods and the investment will allow him to meet the orders and, in turn, increase his income.

Angel says that his long-term goal is to build a tanning factory and make leather products.
View original language description ↓
Angel es una persona de 29 años, se destaca por ser trabajador, responsable, luchador y leal. Angel vive con su madre en la ciudad de Ambato que está ubicado en la provincia de Tungurahua en la sierra centro de Ecuador.

Angel se dedica a curtir o fabricar cuero que se obtiene de la piel de ganado después de un proceso, este cuero se utiliza para la confección de chompas, carteras, mochilas, zapatos, etc. Es el primer crédito que realiza en Fodemi, el mismo que va a ser utilizado en la compra de materia prima como pieles de ganado, para la producción de cuero debido a que quiere incrementar su negocio ya que tiene varios pedidos de fabricas de accesorios de cuero. Este proceso permitirá a Angel a incrementar sus ventas e ingresos que ayudarán a mantener su hogar.

Angel sueña con ser dueño de una fábrica de cuero y de productos del mismo.

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
  • 66
    View loans »
    Ecuador Loans Fundraising
  • $24,577,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Angel Oswaldo to buy raw materials for his leather tanning business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Feb 17, 2012
Feb 29, 2012
Currency Exchange Loss:
Nov 15, 2012