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Omar Enrique

Update on Omar Enrique

Omar used his previous loan to buy medicine, perfumery and cosmetics. His Kiva loan helped his business grow in that it made it possible for him to have inventory on hand and more variety of products and this led to an increase in sales. He’s currently applying for a new Kiva loan that will be used to buy merchandise, pharmaceuticals, medicine, dental products, perfumery and cosmetics. This investment will be successful because it’s based on products that have high demand and because his nose for business so indicates. His message to Kiva lenders is the following: “Thanks to Kiva I’ve been able to move my business forward increasing working capital and sales.”
View original language description ↓
Omar invirtió su crédito anterior en la compra de medicamentos, perfumería, cosméticos de tocador, su Credikiva lo beneficio en el crecimiento de su negocio en cuanto a que le permitió tener un inventario, más variedad de productos y con ello se incrementó su venta;En la actualidad está aplicando a un nuevo credikiva que lo invertiría en mercancías, drogas farmacéuticas, medicinales, odontológicas, perfumería y productos de tocador, esta inversión tendrá éxito, porque es basada en un producto de alta demanda y porque su olfato de negocios y experiencia así lo señalan. Su mensaje a los financiadores de Kiva es el siguiente: gracias a kiva he podido sacar adelante mi negocio, incrementando el capital de trabajo y aumentando las ventas”

Previous Loan Details

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… More from Omar Enrique's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $6,070
    Average annual income
  • 183
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,798.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Omar Enrique to buy merchandise, pharmaceutical, medicine, dental products, perfume and beauty products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013
This photo was used before for a previous loan for Omar Enrique. It was first posted on Kiva on Oct, 2011. Learn More