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David De Jesus
33-year-old David is a married man and is the father of three children between the ages of 2 and 8. As a businessman, and working for a business, he generates enough income to support his family. He has made a living from selling shoes, sports clothes and sweaters since 2011, when he decided to search for alternatives to increase his income; he observed the needs of his colleagues in terms of clothing and began to buy merchandise and sell it to them on credit. His business kept growing little by little. His makes sales on credit from Monday to Saturday, at the same time as being an employee of a business, and his goal is to increase his socioeconomic level and for his children to study so that in the future they have great potential for success.

He is currently applying for a loan from Kiva, the first financing he is getting through Fundación Mario Santo Domingo, with which he will buy t-shirts, shirts, pants, and shoes in bulk in order to get discounts. His customers have ordered these items of clothing and he needs to respond to the demand. His working capital is not sufficient in light of his increased clientele and demand. This means that his loan will be a successful investment.
View original language description ↓
David de 33 años de edad, es un hombre casado y padre de 3 hijos en las edades de 2 y 8 años. El en su calidad de comerciante, y trabajando para una empresa, genera los ingresos para sostener a su familia. Se dedica transversalmente a la venta de calzado, ropa deportiva y suéteres, desde que en el año 2011, decidió buscar alternativas para aumentar sus ingresos; así observando las necesidades de sus compañeras de trabajo en lo relacionado con ropa, camisetas, jeans, empezó a comprar mercancías y a venderle a crédito a estos, su negocio poco a poco ha ido creciendo. Sus ventas a crédito las realiza de lunes a sábado, simultaneamente a su trabajo como emleado, y su meta es aumentar su nivel socioeconómico y que sus hijos logren estudiar para que en un futuro tengan gran potencial de éxito. En la actualidad está aplicando aun credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará en un mayor volumen, para ganar descuentos, camisetas, camisas, pantalones y calzado, pues en su preventa los clientes han encargado estos artículos y necesita responder a su demanda y su capital de trabajo no es suficiente, ante el incremento de su clientela y es justamente la demanda, lo que hace de su credikiva una inversión exitosa.

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

  • $11,100
    Average annual income
  • 501
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,817.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped David De Jesus to buy t-shirts, shirts, pants, and shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014