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Omar
Omar is 44 years old and makes and sells lunches as well as running an advertising business.

15 years ago Omar decided to start up a business, since he had a great knack for cooking and experience working in a restaurant in a neighbouring country. However at the time it was difficult to make an income in that country so he returned to his home country, Colombia, and made do with what he could carry back with him. He now sells sancocho and set meals and lately he has started working in advertising, making posters, recipe books and calendars. He sells a limited amount directly to the consumer and his main customers are employees of the companies in his area. Omar's future goal is to have his own store and outfit his restaurant professionally to generate stability as well as buying his own home which he will pay off with the income from the restaurant.

At the moment Omar is applying for a loan from Kiva. It is the first loan that he has taken out with the Fundación Mario Santo Domingo. With this loan he will buy an industrial stove and ingredients to expand his menu which will increase his sales, including the sale of products from his own home. This will ultimately make his Kiva loan successful.
View original language description ↓
Omar de 44 años de edad, se dedica a la elaboración y venta de almuerzos y también tiene un negocio de publicidad. Pues él desde hace 15 años, teniendo en cuenta su buen gusto por la cocina y su experiencia en un vecino país, cuando trabajó en un restaurante, decidió emprender su negocio, en el momento en el cual ese país generó situaciones difíciles en la generación de ingresos. Fue así como acudió a su natal Colombia, a abastecerse con lo que tenia en sus manos. En su negocio ofrece sancochos, comidas corrientes y también útilmente ha incursionado en la publicidad, elaborando afiches, recetarios y almanaques. Sus ventas las hace directamente al consumidor final de contado y sus principales clientes son empleados de empresas ubicadas en su barrio. La meta mas adelante es tener un local propio y dotar técnicamente su restaurante, para genera estabilidad y comprar su propia casa con la cual le abonará a este propósito. En la actualidad está aplicando aun credikiva, primer financiamiento que hace a la Fundacion Mario Santo Domingo, mediante el cual comprará una estufa industrial y materias primas, para aumentar su producción de alimentos, con las cuales incrementar su volumen de ventas incluyendo el comercio de estos productos en su propia casa y esto justamente el éxito de su credikiva.

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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 483
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,893.4
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $700 helped Omar to buy an industrial stove and ingredients.
65% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2014
Listed
Aug 12, 2014
Currency Exchange Loss:
Possible