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Juan Diego
Juan Diego G. is a young man of 25 who makes women's footwear by hand. He started his business when he arrived in Atlántico department from the city of Bucaramanga, in Santander del Sur department, 6 years ago.

It was a family member who taught Juan Diego this trade. He also loaned him the money to buy raw materials in order to get started and keep going in his business. Today he works in the town of Soledad and makes income to support his family. He dreams of gradually growing his business through the support of Fundación Mario Santo Domingo and his own disciplined work.

This is Juan Diego's first loan with Fundación Mario Santo Domingo. He will use it to make sandals that his customers have ordered. He has made new designs for them. In the past, he hasn't been able to fill his orders in a timely manner because he didn't have enough capital. This limited his possibilities for growing his business. Juan Diego sells his good on credit and for cash. His inventory turnover is 18 days and he hopes that his investment will be successful because he has the production capacity and experience needed to expand in his market.
View original language description ↓
Juan Diego G. es un joven de 25 años que fabrica calzado artesanal femenino , negocio que iniciò cuando llegò procedende de la ciudad de Bucaramanga en el departamento del Santander del Sur, y se instaló en el departamento del Atlàntico hace 6 años. En su desempeño en el oficio le enseñó un familiar, que ademàs le financiò la materia prima para dar inicio y continuidad, a su hoy trabajo en el municipio de Soledad,con el que genera ingresos para el sostenimiento de su famila y por eso sueña con hacerlo crecer paulatinamente, mediante el apoyo de la Fundaciòn Mario Santo Domingo y su trabajo disciplinado.
Este es su primer financiamiento en esta organizción, para elaborar sandalias que tiene encargadas por clientes, para quienes ha fabricado nuevos diseños y que en el pasado no habia podido cumplirles oportunamente, por el poco capital que maneja y que limita sus posibilidades de crecimiento. Juan Diego vende a credito y de contado, sus inventarios rotan cada 18 dias y espera un resultado exitoso de su inversiòn, porque tiene capacidad productiva y experiencia en la ampliaciòn en el mercado en el que interactua.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $6,070
    Average annual income
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,888.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Juan Diego to buy soles, liners, adhesive and other supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2011
Listed
Mar 20, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012