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Gustavo is 56, and the owner of a store, a bakery located in the municipality of Soledad that he started a year ago. His biggest customers are the schools, to which he supplies cafeteria products for the students. Also among his customers are grocery stores, and various other stores and companies. He also sells foodstuffs and groceries directly, and his main buyers are housewives.

He sells and purchases on a cash basis. but he must hope to sell in order to invest again. His business grows each day, and his working capital becomes insufficient for being able to buy in greater volume and supply his business.

His greatest dream is to have branch stores at the local and regional level. That's why he invests in his business, in order to someday achieve his goals.

His credikiva is the first loan that he is taking out with the Mario Santo Domingo Foundation, which he will use to buy flour, chocolate, Arequipe (sweetened milk sauce), margarine, yeast, etc.

With his investment he plans to make desserts and cakes; and meet the demand for bread, and other baked goods made with wheat flour, as these are products his customers eat. For them it is a treat to get them fresh, and to eat oven-warm bread, as Gustavo sells it in his business.
View original language description ↓
Gustavo es un empresario de la microempresa que tiene 56 años de edad; él es el propietario de una panadería ubicada en el municipio de Soledad, que inició desde hace menos de dos años. Entre su clientela están los colegios, a quienes les suministran productos de cafetería, que consumen sus estudiantes, tiendas, graneros y diversos negocios, también ofrece directamente víveres y abarrotes y para estos productos sus principales compradoras son las amas de casa, en su negocio trabaja con 2 empleados, maneja sus ventas de contado así como sus compras; cada día su negocio crece y su capital de trabajo se torna insuficiente para poder comprar en mayor volumen y responder a sus clientes. Su mayor sueño es tener sucursales a nivel local y departamental. Por eso permanentemente invierte su dinero no solo en su panadería, sino también en animales para negociarlos y más adelante lograr mayores ingresos. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará harina chocolate, Arequipe, vitina levadura etc. para preparar alimentos derivados de la harina lo que agrada mucho a sus clientes, que consumen los deliciosos panes calientes como los vende Gustavo en su negocio.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $17,925,475
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Gustavo to buy flour, chocolate, Arequipe (sweetened milk sauce), margarine, yeast, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 9, 2012
Feb 15, 2012
Currency Exchange Loss:
Sep 27, 2013