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Richard decided to start his export business because he recognized a need for cheaper electronics in Venezuela. Being from Venezuela, he knows that the electronics there, such as cell phones and game consoles, are about five times more expensive than in the United States. He buys them wholesale in the US and ships them to distributors in Venezuela to sell at competitive prices. His biggest challenge has been obtaining the capital he needs to continue expanding the business. Richard is proud that he has established this business as a second income for himself. This is Richard’s second loan with Accion USA. He will use it to purchase electronics for the upcoming holiday season, which will help increase sales in Venezuela.

About United States

  • $54,800
    Average annual income
  • 26
    View loans »
    United States Loans Fundraising
  • $12,684,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $6,450 helped Richard to purchase electronics for the upcoming holiday season.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 21, 2011
Dec 20, 2011
Currency Exchange Loss:
Aug 16, 2012