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Angel

Don Angel has borrowed from Kiva and Mifex previously. He has a stand in a local market in Bastion Popular where he sells yucca, plantains and avocadoes. He was able to use the first loan as planned; he invested in more of his products at wholesale prices. Angel was able to witness the immediate effects of the capital as his profits increased.



He and his wife have been steadily making improvements to their home and also saving up. They are now applying for a second Kiva loan in order to set up another point of sale. Their business is going so well they believe they can make additional profit from a new stand. This new stand will be run by Angel’s wife, who is his business partner and an integral part of their operation. They extend their gratitude to the community that helped them with their first loan, and hope they will continue to be benefactors of the Kiva system.

About Ecuador

  • $10,600
    Average annual income
  • 104
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Angel open a new stand where he'll sell his products.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 25, 2007
Listed
Mar 8, 2007
Currency Exchange Loss:
N/A
Ended:
Dec 3, 2007