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Julio
Julio owns a bakery and restaurant called Rico Pan De Bono in South Florida. He has been in business for seven successful years and is slowly expanding to diversify the products the restaurant offers. Rico Pan De Bono offers Colombian baked goods and specialties. When Julio moved from Colombia to the US, he knew he wanted to bring a bit of Colombia with him while becoming an independent entrepreneur. He is proud to be his own boss and do what he loves, as he continues to provide for his family. The restaurant employs eight people, and Julio is happy that he can contribute to the economy in a positive way by offering job opportunities.

The biggest challenge for Julio in his business venture has been obtaining the funding he needs to continue making improvements to the restaurant. Without credit in the United States, it has been very difficult for Julio to find a loan. This loan from Accion USA will enable Julio to purchase tables and chairs for the bakery, build a take-out window, and renovate a bathroom. The financial assistance will have a huge impact on the business, because it will allow the bakery to bring in more customers by providing additional seating. Julio is hoping that it will become a gathering place for many, so he can share his piece of Colombia with the community.

“As long as my customers are happy, I am happy.”

About United States

  • $54,800
    Average annual income
  • 27
    View loans »
    United States Loans Fundraising
  • $12,266,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,425 helped Julio to purchase tables and chairs for the bakery, build a take-out window and renovate a bathroom.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2011
Listed
Jan 16, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013