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Miguel Agustin
My name is Miguel, I am 28 years old. I am a very responsible, hard working person, friendly person. I like sports and reading. I like to get ahead, own my things and grow as a baker. I started my bakery 12 years ago, after finishing a technical degree in accounting. Since I was 15 years old, I worked as a "chalan" (low level assistant) in a bakery. Slowly but surely I began saving some money, then I bought some fixed assets: machines and an oven and all the required utensils for the bakery. I started my bakery on a tricycle and have been growing my business since.

I own a "local" (a roofed space in a market)and have two workers, I baked the bread at home and sell it in the bakery that is located inside the mercado solidario.

The name of the bakery is Sondury and my slogan is "Quality in my bread".

I bake the bread in my house from 5 AM to noon, prepare the dough, cook the bread, decorate it and prepared to sell. My uncle helps me, and I pay him a salary. I open the bakery from 7AM to 11.30 AM and then from 4.30 PM to 9.30 PM.

Additional Information

About Kubo.financiero

Kubo.financiero is a regulated microfinance institution that provides accessible and affordable loans to borrowers in Mexico. Its online banking platform and other innovations enable Kubo to charge interest rates that are much lower than the average for MFIs in Mexico. By doing business in a new way -- leveraging technology and customized risk profiles -- the organization is able to support microfinance clients throughout the country. With funds from Kiva lenders, Kubo is able to expand its lending network even further, reach riskier clients who have less credit history, decrease interest rates for borrowers, and scale its service area.

About Mexico

  • $11,249
    Average annual income
  • 23
    View loans »
    Mexico Loans Fundraising
  • $18,324,475
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Miguel Agustin to pay for flour, eggs and butter, to increase bread production for the rainy season.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
May 6, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013