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Rita
My name is Rita, I am 40 years old. I am married and live with my family.

I started my business 19 years ago, I am an entrepreneur, love sales, innovation and consider myself a very creative person.

My business consist on retail sales: gifts, cosmetics and accessories for woman, I sell by catalog and manage a network of 40 woman, I earn commission on their sales. With my savings I was able to buy a taxi, that my husband drives to provide additional income for my family.

My biggest accomplishment is to have formed and lead a large group of sales woman in Terramar and Mary Kay Cosmetics.

I need the loan for the taxi plates, which will help my husband as he will be able to bring extra income. The rest will be used to buy cosmetics - as selling cosmetics is my main activity.

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
  • 5
    View loans »
    Mexico Loans Fundraising
  • $17,358,450
    Funds lent in using Kiva
  • 12.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Rita renew the license of my husband's taxi and buy cosmetics and women accessories for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 6, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013