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Uriel Enrique
Uriel is 53 years old and lives in the neighborhood of July 20th Citadel, an area that combines formal and informal productive spaces, shopping centers, office buildings, residential complexes, private homes, and supermarkets. However, it is primarily known throughout all of Colombia because it is near one of the most important spectacles in the city and in Colombia, the Metropolitan Stadium of Barranquilla. This is the site of many professional soccer matches and home of the “Junior de Barranquilla” team. Today it hosts the World Cup for the under-20 category.


Uriel started his business in 2001 by selling clothing. Afterwards, he gained management experience by working at a fabric store and a clothing factory. In search of better income, Uriel decided to become independent and start his own business venture. He continued to work in the clothing wholesale and retail industry for 10 hours each day. His customer base consists of stores in Barranquilla, Montería, and Cererté. He offers them a credit period of no longer than 30 days. His goal in the future is to open a clothing factory, but his difficulty with obtaining operating capital is a great challenge because there are many times when he is not able to respond to his growing clientele.


For this reason, Uriel has applied for a Kiva loan, his first form of financing through Fundación Mario Santo Domingo. He will use the funds to buy denim for making and selling trousers. His current ratio is 2:1, and the profitability from his sales is 14%.

View original language description ↓
Uriel de 53 años de edad vive en el barrio la Ciudadela 20 de Julio, barrio que combina espacios productivos formales e informales, zonas comerciales, edificios, conjuntos residenciales, viviendas, supermercados, y principalmente es un lugar conocido en toda Colombia , porque muy cerca se encuentra uno de los escenario más importante de la ciudad y de Colombia: “El estadio Metropolitano de Barranquilla” donde se juega el buen futbol profesional y es la sede del Junior de Barranquilla y hoy del mundial de futbol de la categoría Sub-20.
Él inició su negocio en el año 2001, vendiendo ropa al detalle, después trabajar en un almacén de telas y en un taller de confecciones, donde adquirió su experiencia administrativa; la búsqueda de mejores ingresos los llevó a ser independiente, y emprender su propia aventura de negocio. Así fue como inició y continúa trabajando en la venta al por mayor y al detal de ropa y lo hace durante 10 horas diarias; sus clientes se encuentran en almacenes de Barranquilla, Montería y Cererté, a quienes le otorga crédito con pagos a un tiempo no mayor de 30 días. Su meta más adelante es tener un taller de confecciones, pero su dificultad con el capital de trabajo es muy grande pues no puede responder muchas veces a su creciente clientela. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará telas de jeans para la fabricación y la venta de pantalones. Su razón corriente es dos veces y la rentabilidad sobre las ventas es de 14 %

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

  • $6,070
    Average annual income
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Uriel Enrique to buy denim for making trousers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2011
Listed
Aug 15, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012