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Virginia
Virginia is a Kubo Financiero client and this is her story:
My name is Virginia and I am 56 years old. I live with my family in a house in Mexico City. I have been selling beauty products, imitation jewelry and notions for 20 years already. My store is located on a market. In my store, I sell products and I offer weaving classes to people interested.
I will use this loan to purchase goods such as shoes and backpacks for the Back to School season. In this way, I am hoping to increase sales and therefore, increase profits. My biggest accomplishments are sending my children off to college and giving them a good quality of life. I believe I am a responsible person and I don’t like being late on my payments.

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

  • $15,600
    Average annual income
  • 37
    View loans »
    Mexico Loans Fundraising
  • $19,077,825
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Virginia to purchase goods such as shoes and backpacks for the Back to School season.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 13, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014