A loan of $400 helped to buy raw materials for his leather tanning business.

Angel Oswaldo's story

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.

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Translated from Spanish by Kiva volunteer Jere Wiseman

Loan details

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Loan details