A loan of $575 helped to buy soles, liners, adhesive and other supplies.

Juan Diego's story

Juan Diego G. is a young man of 25 who makes women's footwear by hand. He started his business when he arrived in Atlántico department from the city of Bucaramanga, in Santander del Sur department, 6 years ago.

It was a family member who taught Juan Diego this trade. He also loaned him the money to buy raw materials in order to get started and keep going in his business. Today he works in the town of Soledad and makes income to support his family. He dreams of gradually growing his business through the support of Fundación Mario Santo Domingo and his own disciplined work.

This is Juan Diego's first loan with Fundación Mario Santo Domingo. He will use it to make sandals that his customers have ordered. He has made new designs for them. In the past, he hasn't been able to fill his orders in a timely manner because he didn't have enough capital. This limited his possibilities for growing his business. Juan Diego sells his good on credit and for cash. His inventory turnover is 18 days and he hopes that his investment will be successful because he has the production capacity and experience needed to expand in his market.

Translated from Spanish by Kiva volunteer Linda Oxnard

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Loan details