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Julio was born and raised in El Salvador. He used to work in the operations department of a bank. Unfortunately, the banking system became unstable, and he decided to leave his country and come to the United States with his daughter. He first worked at a minimum wage job, but was unable to provide his family with the basic necessities. He was then introduced to Herbalife, where he developed his salesmanship skills. Three years ago, he decided to open up his own Herbalife Club, which has fortunately been very successful. Since then, demand for his products has been growing.

Julio’s goals are to expand his product line to new countries and to open Herbalife Clubs in more cities. The loan of $6,925 will allow Julio to renovate his store, purchase more inventory, and do more marketing.

Additional Information

More information about this loan

This loan is part of the Kiva City Newark initiative in partnership with the Intersect Fund. Kiva City Newark is a subset of Kiva City, a program that allows Kiva lenders to make microloans to small businesses in the United States with the help of community organizations and U.S. Field Partners.

About The Intersect Fund

The Intersect Fund (IF) is a rapidly growing, nonprofit microlender and a certified Community Development Financial Institution that equips entrepreneurs in low-income areas of New Jersey with the skills and capital they need to build profitable businesses. Since inception, the organization has served more than 500 entrepreneurs. Kiva lenders’ funds are used to impact an even greater number of entrepreneurs in New Jersey and help them boost their incomes.

About United States

  • $54,800
    Average annual income
  • 0
    View loans »
    United States Loans Fundraising
  • $12,964,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $6,925 helped Julio to renovate his store, purchase more inventory, and do more marketing.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 1, 2013
Jul 14, 2013
Currency Exchange Loss:
Aug 13, 2013