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Omar Enrique
Omar is a 47-year-old man who lives in the south-west of the city with his brother and his family. His business is selling perfumes, cosmetics and medicinal products without restriction. His business idea came about due to his need to make his own income. He made the most of the experience he gained when he worked in a drug store. Omar's market knowledge led him to set up his business in a commercial location where he has managed to position himself. He makes sales daily and mainly for cash. However, he also occasionally sells on credit. At first he purchased his goods on credit but he currently purchases them with cash and he is well known by his suppliers. Although his premises are small, he has plans to extend them and he works hard every day in order to achieve this.

Omar is currently requesting a Kiva loan (the first loan he has received from Fundación Mario Santo Domingo) with the aim of increasing his working capital and buying medicines, products such as powdered milk, and miscellaneous items, which are those that currently have the biggest turnover. Omar's dream is to make work for family members but he is aware that he needs to grow. He currently has a return on sales of 26% and a stock turnover period of 8 days. These indicators reflect his potential growth.
View original language description ↓
Omar es un hombre de 47 años de edad que vive al suroccidente de la ciudad con su hermano y su familia; allí se dedica a la comercialización de perfumes, cosméticos y productos medicinales sin restricción. Su idea de negocio surge por la necesidad de generar ingresos autónomos, y aprovechando su experiencia cuando fuera trabajador de una droguería. Su conocimiento en el mercado lo llevaron a instalarse en un punto comercial donde él se ha posicionado. Sus ventas son diarias y principalmente de contado, pero también lo hace a crédito ocasionalmente; inicialmente sus compras las realizaba a crédito, pero en la actualidad las hace de contado y ya es reconocido por sus proveedores. Aunque su local es pequeño tiene planes de ampliarlo y por eso día a día se esfuerza por trabajar para lograrlo. En la actualidad está solicitando su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el fin de ampliar su capital de trabajo y comprar medicinas, productos como leche en polvo, y artículos de miscelánea que son los que en la actualidad presentan una mayor rotación. Su sueño es generar empleo a familiares pero es consiente que necesita crecer. En la actualidad maneja una rentabilidad sobre las ventas del 26% una rotación de inventarios de mercancías de 8 días indicadores desde los cuales proyecta su potencial crecimiento.

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
  • 525
    View loans »
    Colombia Loans Fundraising
  • $14,939,450
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Omar Enrique to buy medicines, products such as powdered milk, and other miscellaneous items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012