Check out some available loans that are similar to this one!
Omar Enrique

Update on Omar Enrique

Thank you for supporting Omar, who, with his Kiva loan, was able to invest in the purchase of personal products (deodorants, talcs, etc.) and hair products (shampoo, tints, conditioners, dyes, etc.) With this investment, he was able to increase his working capital to be able to stock his business with more products, expanding certain lines, bringing in more sales, and growing his business. With this progress, he has been able to continue supporting his children. Currently, he is requesting a new loan to invest in beauty products, personal products, and hair products. Omar tells his lenders: "Thanks to Kiva, I have been able to strengthen my business."
View original language description ↓
Gracias por apoyar a Omar, quien con su credikiva pudo invertir en la compra de productos de aseo personal (desodorantes, talcos, otros), y productos capilares (champú, tintes, acondicionadores, cremas de peinar, otros). Con esta inversión pudo aumentar su capital de trabajo al poder surtir el negocio con más productos, fortaleciendo algunas líneas especificas, trayendo un mayor volumen de ventas, haciendo crecer su negocio. Con este progreso a podido seguir apoyando a sus hijos. En la actualidad está aplicando a un nuevo crédito para invertir en productos para la belleza, aseo personal y productos capilares. Omar dice a sus financiadores: “Gracias al programa de Kiva se ha podido consolidar mi negocio”

Previous Loan Details

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… 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
  • 190
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,889.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Omar Enrique invest in beauty products, personal hygiene products, and hair products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 29, 2014