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Enrique
When December arrives, Enrique is always readying his paint inventory because that is when his neighbors, friends, and customers in general demand this product because they want to see their homes looking nice as the new year approaches. This is the purpose of his Kiva loan: so he can buy many cans of paint so that his investment will be successful. Enrique is 51-years-old and he is very experienced in the business. Since he was very young he has been employed at a hardware store. He currently lives with his spouse in the Santa Maria neighborhood, which is to the south of Barranquilla, and with his 21-year-old daughter. His first capital was acquired many years ago after borrowing money from the bank, and since then he has sustained his business for 12 years and in spite of a lot of competition, Enrique's experience in the hardware industry has show success. His dream is to expand his business and have his own place where he can keep a lot of inventory so he can sell in bulk and thus increase his sales each day. At present his return on sales is 25%, and he rotates his inventory every 45 days. He has a debt of 6.7% and he rotates his accounts every 53 days. This his is first loan with the Mario Santo Domingo Foundation and he plans on capitalizing with this organization as it is working hard.
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Enrique siempre que llega Diciembre se prepara con sus inventarios de pinturas, pues en esta època todos sus vecinos amigos y clientes en general, demandan mucho este producto porque desean ver sus viviendas muy lindas y diganas de esperar el año nuevo. Este es el propòsito de su crediKiva, con èl comprarà muchos potes de pintura pues quiere ser oportuno, para que esta inversiòn tenga èxito. Enrique es un hombre de 51 años y de gran experiencia en el negocio, pues desde muy joven trabajò como empleado de una ferreteria y por eso nadie le gana. En la actualidad vive con su conyuge en el barrio Santa Maria, al sur de Barranquilla y con su hija de 21 años de edad. Su primer capital lo adquiriò hace muchos años prestando el dinero en un banco y desde entonces tiene ya 12 años de sostenerlo y aunque tiene gran competencia, la experiencia de Enrique en el ramo de la ferreterìa, siempre se ha impuesto. Su sueño es ampliarlo y tener un local propio donde cuente con mucho inventario para hacer la oferta en volumen y sus ventas se incrementen cada dia mas. En la actualidad su rentabilidad sobre las ventas es de 25%, la rotaciòn de sus inventarios de de 45 dias, tienE un endeudamiento del 6,7% y la rotaciòn de sus cuentas por conrar es de 53 dias. Este es el primer financiamiento que hace con la Fundaciòn Mario Santo Domingo y planea permanecer capitalizandose con esta organizaciòn, pero eso si trabajando fuertemenete.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,918.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Enrique to buy cans of paint.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2010
Listed
Dec 18, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012