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Gildardo De Jesus
With his previous loan from Kiva, Gildardo purchased leather, rope and iron fittings to make saddles for horses and livestock implements which he then sold, reinvesting the profits in his slightly increased working capital. With this new loan, Gildardo plans to purchase supplies in bulk to reduce production costs, taking advantage of the low prices his providers offer for bulk purchases. This will result in an increase in customers and he will be able to make his investment pay off.

Gildardo would like to give Kiva the following message: "I am very grateful to you for the support you have given me and continue to give with this great labour of love that supports micro-finance entrepreneurs in developing countries".

If you would like to know more about Gildardo's story, go to the following link: http://kiva.org/lend/188473
View original language description ↓
Gildardo con su anterior credikiva compró cueros, reatas y herrajes y fabricó sillas para caballos y elementos de ganadería que vendió y reinvirtió ayudando así con un ligero incremento de su capital de trabajo. Con su nuevo credikiva planea comprar nuevamente materias primas en mayor cantidad, para disminuir los costos de producción con los precios en volumen ofertados por sus proveedores, con ello impactará en un mayor número de clientes y logrará que su inversión sea exitosa. Su mensaje a Kiva es el siguiente: “Muy agradecido con ustedes por el gran apoyo recibido y que continúen con esa gran labor de apoyar al microempresario en los países subdesarrollados.
Si usted quiere conocer la historia de Gildardo ingrese al siguiente enlace: http://kiva.org/lend/188473

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,745.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Gildardo De Jesus to purchase supplies in bulk.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2011
Listed
Jul 20, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012