Monday, July 13, 2015

Victor Vargas charities in Venezuela

Venezuela’s Victor Vargas operates a number of charities, ranging from community development to helping entrepreneurs grow. He also runs charities that protect the environment and provide children with music education.

Venezuelan entreprenership

young entrepreneurs helped by Victor Vargas
Vargas helps young entrepreneurs get funding for their ventures.

In 2011, Victor created the Entrepreneur Program, a non-profit group that aids individuals in starting new companies in Venezuela. The Entrepreneurship Program specifically helps entrepreneurs who, for whatever reason, cannot raise capital from regular channels such as banks.

In its first period in July 2011, the program provided training to 100 aspiring entrepreneurs. It also gives away money to education programs and cultural enrichment groups, specifically targeting the poor and disadvantaged.

Since 2002, Vargas has invested $20 million in these initiatives in Venezuela. For example, the program funded the National Youth Orchestra of Chacao, which is conducted by the famous maestro José Antonio Abreu.

Energy consumption initiative

Energy-saving lightbulbs used in the Efficient Consumption program throughout Venezuela
Victor's Efficient Consumption program led to the installation of energy-saving technologies, such as these light bulbs, in corporate offices throughout Venezuela.

As the leader of the Banking Association of Venezuela, Victor Vargas helped start “Efficient Consumption.” The program has companies implement renewable energy devices at their buildings.

In a nod to community development and childhood education, Victor’s “Music for All” program teaches music skills in Venezuela to children of all ages.

Vargas also runs 4 non-profit foundations, which are managed through the bank, that focus on social responsibility. These programs incluce Solidarity Actions, BOD Award Educational Talent, Panty Smiles, BOD Center for Entrepreneurship, and the BOD Corporate Volunteer program.

Through the BOD Foundation, Vargas has given away 126 million bolivars to development projects in Venezuela and other Latin American countries since 2002.

Venezuela’s Olympic Committee

Olympics runners
Olympian runners line up for a race. Vargas represented Venezuela in the 2012 Summer Games in London.

For the 2012 Olympics in London, Vargas was the technical director representing the Venezuelan Olympic Committee. On July 20, 2012, he led a delegation from Venezuela to tour the Olympic Village and conduct an official inter-governmental meeting with the Organizing Committee.

About Victor Vargas

Vargas is the president of Banco Occidental de Descuento (BOD), one of the largest financial institutions in Venezuela. He is also a professional polo player, husband, father, and philanthropist.

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