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Salvador De Jesus
Salvador, 51, is the owner of a dessert shop, a trade that he learned from a friend. He began making desserts for people that worked for his relatives, neighbors and friends. That's how he became known and started increasing his business until he hired two employees. He makes sales door to door. His business has had challenges, like being robbed and losing a lot of capital. But the business has also given him and his family a lot of joy, because it has helped their well-being. His family is made up of his wife and two children, ages 27 and 29.

Currently he is really eager to grow, because every day he has more customers and he doesn't have enough capital to meet the demand. For that reason he is getting a Kiva loan, his first loan with the Mario Santo Domingo Foundation. He will use it to buy ingredients and work equipment so he can increase his technical infrastructure and also his customer coverage.
View original language description ↓
Salvador de 51 años es el propietario de un negocio de producción de postres, actividad aprendida de un amigo y que inició preparándolos para empleados de sus familiares, vecinos y amigos; así se dio a conocer y fue creciendo hasta lograr tener dos empleados, con ventas puerta a puerta; Su negocio ha tenido que enfrentar desafíos, como cuando le robaron y bajó sustancialmente su capital y también ha dado a él y a su familia muchas alegrías, porque con ello ha apoyado el bienestar de su grupo, conformada por su cónyuge y sus dos hijos, hoy en las edades de 27 y 29 años. En la actualidad tiene un gran entusiasmo por crecer, porque diariamente tiene más clientes y así su capital de trabajo, se torna insuficiente para responder a la demanda y a su sueño de crecimiento. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materias primas y equipos de trabajo, para ampliar su infraestructura técnica y así mismo su cobertura de clientes.

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
  • 293
    View loans »
    Colombia Loans Fundraising
  • $13,946,700
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Salvador De Jesus to buy ingredients and equipment to increase his technical infrastructure and his customer coverage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Feb 19, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013