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Maria Margarita
María Margarita is a client of Kubo Financiero, and this is her story.

María Margarita, age 63, is a widow and has three children. She has been in commerce for 40 years. María Margarita says that she has had different jobs. She started selling Mexican snacks. After that, she had a grocery store. Then, she sold fish. She now rents out tables, chairs, and tarps for events.

She is requesting the loan to make improvements to her home. She wants to work on the finishes in order to be more comfortable and so that her house will look prettier.

María Margarita is a responsible and organized person. She has always repaid her loans punctually. She has known how to save and to build a legacy. She says that her main achievements have been getting her children ahead and building her house.
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María Margarita es una clienta de Kubo Financiero y esta es su historia.

María Margarita tiene 63 años, es viuda y tiene 3 hijos. Ella se dedica al comercio desde hace 40 años. María Margarita comenta que ha tenido diferentes trabajos, inició vendiendo antojitos mexicanos, después tuvo una tienda de abarrotes, luego vendió pescados y actualmente se dedica a rentar mesas, sillas y lonas para eventos. Ella esta solicitando el préstamo para realizar mejoras en su vivienda, quiere arreglar los acabados, para estar más cómoda y que su casa se vea más bonita. María Margarita es una persona responsable y organizada, siempre ha pagado sus créditos puntualmente y ha sabido ahorrar e ir formando un patrimonio. Ella dice que sus principales logros han sido sacar a sus hijos adelante y construir su casa.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Mexico

  • $15,600
    Average annual income
  • 14
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Maria Margarita to make repairs and improvements to her house.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014