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Pedro Juan
At age 55, Pedro still bakes bread and with his 20 years’ experience, he started his own business two years ago, doing what he knows and loves best, bread. Pedro worked in a well-known bakery and learned the best methods to work with flour, make candies, sandwiches, and different types of bread, sweet, piñata, cheese, crystalized fruit, Christmas, etc. Every day, from Monday through Saturday from 8:00 am to 4:00 pm, Pedro works in his field and distributes his products to stores in the area, who are his main customers. His goal in the future is to improve his fixed assets and increase production so that he can improve his life.

Pedro is asking for a Kiva loan and it will be his first loan through Fundación Mario Santo Domingo. He will use the money to buy supplies in bulk and improve his position, because Pedro’s greatest challenge is to obtain sources of finance and this is what will make his Kiva loan a success. He will also gain more recognition in town and his sales will increase. This will benefit his family, made up of his wife and six children, between the ages of 14 and 23.
View original language description ↓
A sus 55 años de edad, Pedro aun se dedica a la fabricación de panes, pues con su experiencia de 20 años, hace dos emprendió su propia aventura de negocios en lo que mas sabe y le gusta hacer: “el Pan”. Pedro trabajó empleado en una productora de ponqués muy reconocida y por eso aprendió las mejores técnicas para trabajar la harina, elaborar dulces, tortas, ponqués y panes en las diferentes líneas: pan dulce, piñita, de queso, frutas cristalizadas, navideños etc. Todos los días de lunes a sábados y desde las 8 de la mañana hasta las 4 de la tarde Pedro está trabajando en su oficio y distribuye sus productos en tiendas del sector que son sus principales clientes. Su meta más adelante es mejorar sus activos fijos y aumentar la producción, para tener un mejor nivel de vida. En la actualidad Pedro está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo mediante el cual comprará en mayor volumen materias primas e insumos, como harina, azúcar, grasas, para ganar descuentos por compras en mayor volumen y desde allí mejorara sus utilidades, y es que el mayor desafío de Pedro, es obtener fuentes de financiamientos y esto es lo que hace que su credikiva sea exitoso, además de que en el municipio, ganará mas reconocimiento y sus ventas se impactarán, y aumentar el nivel de ingresos que beneficiará a su familia, conformada por su cónyuge y sus 6 hijos en las edades de 14 a 23 años.

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
  • 496
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,897.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Pedro Juan to buy ingredients.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2014