Center for Health Market Innovations (CHMI)

Programs

Mi Farmacita Nacional

last updated Mar 2, 2012

Overview

Legal Status: 
Private (for-profit)
Year Launched: 
2003
Stage: 
Existing/expansion stage
Income Level of Target Population: 
All income levels

Scale

Number of Facilities Operated/Networked: 
57
Upscaling: 
In January 2005, with 10 franchises, Mi Farmacita earned US$87,000 in total monthly sales. In March 2007, the total number of franchises reached 57 with total monthly sales of US$374,000.
Summary: 

Mi Farmacita Nacional is a fully for-profit, Mexican owned pharmacy franchise with a social imperative. The company’s mission statement is "to bring medicines and special services to the regions of most necessity in the Mexican Republic and to provide health, well-being, communication and accessible prices to the majority of homes."

Key program components: 

Mi Farmacita was established in Tijuana, Mexico, in 2003, and employs a classic franchise business structure. As of March 2007, Mi Farmacita had established 57 franchises in over 15 states in both smaller and major cities--including Morelia, Mexico City, Puerto Vallarta, and Tijuana--and in squarely low-income as well as middle class communities.

Profits and sales volume, indirect measures of Mi Farmacita’s impact on incomes and the consumption of health goods and services, suggest that Mi Farmacita provides considerable value to its franchisees and customers. The 16 franchises that have been in operation for at least 22 months process about 90 sales transactions daily, or 2,400 monthly, and sales across the franchise’s 57 outlets totaled more than US$2.9 million in 2006.

Additional Information:

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