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Jesus
Dr. Jesus has been in business for over four years in El Paso, Texas, manufacturing "point of sale" or POS register machines for Mexico "macquiladoras". A macquiladora is a manufacturing operation in a free-trade zone in Mexico where factories import material and equipment on a duty-free and tariff-free basis. Currently, there are roughly 3000 macquiladoras with over 1.3 million Mexican workers.

As a Mexican native from Juarez, Mexico, Dr. Jesus became a naturalized citizen of the United States and began his dream of owning his own business, Jarvam, LLC, and teaching at a local university. His Ph.D. in systems engineering gives him the necessary skills and talent to manufacture his POS cash registers using radio frequency identification or RFID. RFID is a wireless non-contact use of radio frequency electromagnetic fields to transfer data. The main goal for these machines he creates is to manage and control inventory within the macquiladoras.

Dr. Jesus came to Accion Texas Inc. when a community partner referred him. He applied for a loan and received approval shortly after his application process was finished. The $5,450 loan he received has been used to purchase components to manufacture the register, pay his one employee, create a working capital fund for his business, and begin the first steps to bring his machine and system into the United States market. His ultimate goal is to offer his product in El Paso, Texas, and branch out to other cities and states. “Without the Accion loan, I would not be able to offer the product in the United States,” says Dr. Jesus.

For now, Dr. Jesus will continue to develop advanced software for his machine, continue to teach, and market his product to local businesses here in the United States.

Additional Information

About LiftFund

LiftFund. (www.liftfund.com) is an award-winning nonprofit organization (previously known as Accion Texas) with a mission to provide credit and loans to small and start-up businesses that have limited or no access to credit from commercial sources. Established in 1994 in San Antonio, LiftFund has helped Texas and Louisiana entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of their communities. Learn more at www.liftfund.com.

About United States

  • $47,000
    Average annual income
  • 16
    View loans »
    United States Loans Fundraising
  • $11,097,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $5,450 helped Jesus to purchase components to manufacture the register, pay his one employee, create a working capital fund for his business, and begin the first steps to bring his machine and system into the United States market.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
Jun 6, 2013
Currency Exchange Loss:
N/A
Expired:
Jul 6, 2013