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Salvador De Jesus

Update on Salvador De Jesus

With his previous loan Salvador bought ingredients and made delicious desserts which sold very quickly. The loan money came at an opportune moment as there was a lot of business during that season which made increasing production easier. He bought a thousand labels bearing the name of his business.

Salvador sends the following message to the donors who support him: “I am extremely grateful for the opportunity to improve my business.”

Now he is seeking another loan which he will use to buy ingredients for pastries and have a billboard made so that people will get to know more about his product. This investment will lead to even more success and make his desserts more widely known. In his experience a lot of business takes place in the current season.
View original language description ↓
Salvador con su credikiva compró insumos y elaboró deliciosos postres que vendió rápidamente, su crédito fue muy oportuno porque lo hizo en una temporada de gran movimiento comercial, que le facilitó aumentar la producción y comprar mil etiquetas de su propia marca. Él envía el siguiente mensaje a que sus financiadores: “Estoy infinitamente agradecido por brindarme la oportunidad de mejorar mi negocio. “ En la actualidad está aplicando a un credikiva, con el cual comprará insumos de repostería y desarrollará un cartel publicitario, para dar a conocer mucho más el producto, con ello su inversión proyecte un éxito, porque se divulgará su oferta y porque en su experiencia, conoce que esta es una de las épocas de más movimiento comercial en el mercado.

Previous Loan Details

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.… More from Salvador De Jesus's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $6,070
    Average annual income
  • 231
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,777.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Salvador De Jesus buy ingredients for pastries and to have a billboard made.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Salvador De Jesus. It was first posted on Kiva on Feb, 2012. Learn More