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Jaime Elias
Jaime is 50 years old, and has a shoemaking workshop in the municipality of Puerto Colombia, which is located on the shore of the Caribbean Sea. He lives with his life partner and their two children, ages 18 and 19. In his workshop, Jaime makes all sorts of shoes, especially women’s sandals. He learned the trade from other shoemakers when he was very young. His workshop is attached to the side of his home. Jaime is also a mason and works on contract for construction projects for homes. When he is contracted to complete a construction job, he works nights at his shoemaking workshop.

His goal is to grow his business, but he does not have the necessary capital to expand at this time. He is therefore requesting this loan, which will be his first with the Mario Santo Domingo Foundation and with Kiva. He plans to use the support from this loan to purchase raw materials, such as leather, glue, accessories and hardware for use in designing and making new shoes. He hopes that these new styles will generate good profits, since they will be both comfortable and stylish.
View original language description ↓
Jaime de 50 años de edad, tiene un taller de zapatería en el municipio de Puerto Colombia, ubicado a orillas del Mar Caribe, donde vive con su cónyuge y sus dos hijos en las edades de 18 y 19 años. En su Taller Jaime fabrica toda clase de calzado especialmente de sandalias femeninas. Jaime aprendió este oficio, desde muy joven trabajando con otros zapateros. Su negocio está ubicado al costado de su casa materna; Jaime además es albañil y también lo contratan en construcciones de viviendas y cuando esto ocurre desarrolla su trabajo de zapatería durante las noches. Su meta es ampliar su negocio, pero su capital de trabajo es insuficiente para lograrlo, esta es la razón por la que acude a un credikiva, primer financiamiento que hace Jaime a la Fundación Mario Santo Domingo, mediante el cual comprará materias primas, como cuero, pegante, accesorios y herrajes, con los cuales fabricará nuevos diseños que saldrán a la venta y planean ser todo un éxito por su estilo cómodo y a la moda.

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
  • 365
    View loans »
    Colombia Loans Fundraising
  • $14,082,900
    Funds lent in using Kiva
  • 1,817.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Jaime Elias to purchase raw materials, such as leather, glue, accessories and hardware for making shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013