Ecuador
Loan description:
Ángelo Correa is a carpenter from the small town of Palanda. He has had a workshop for the past 28 years making mostly household furniture such as beds, tables, chairs and cabinets to order. Don Angelo employs two assistants. He has built up the business form very humble beginnings. He now has a wide range of tools and machinery. His workshop is situated on land that he bought. Don Angelo requested a loan in order to purchase timber in bulk as it works out much cheaper. Customers only pay in full once he completes an order, so he has to have a certain amount of timber in stock always. He also intends to buy new tools for himself and his assistants.
Loan added: 1 April 2016
Angelo's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £215.83 | ||
| £89.93 | ||
| £89.93 | ||
| £89.93 | ||
| £89.93 | ||
| £89.93 | ||
| £89.93 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.
