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Jorge
Jorge is a client of Kubo Financiero:

My name is Jorge, I’m 29, and I’ve been married for four years. My wife’s name is Maria Luisa and she works in customer services. We haven’t got any children and we live in my parents’ house free of charge. I have been making pants for ten years.

I want to buy material for an order that a customer from Colima has placed with me. This customer has been working with me for five years. She orders from me and I send her the goods. When she receives them, she starts to pay me in installments, every 20 days, completing payment two months from the date of delivery. It takes me about three months to finish producing the clothes and the investment comes mainly from me. She only pays me for the assembly work as this is paid in cash. I would like a long term agreement so I don’t feel under pressure as I’m waiting to get paid. As a result, I won’t be in a difficult position and I will have the option to pay off the debt early. I am a good payer, I like to keep my options open in these situations and have support.

I have been making denim pants for women and girls for ten years on my own. I make and sell them in Toluca and Moroleon, in addition to the aforementioned client in Colima. I get stock in the centre, and I use my truck to transport the material. My workshop is located in my house and I have three workers, in addition to my wife, who helps me in her free time. I learnt this trade 15 years ago and I have been an independent worker for ten.

My main achievement has been building my business, buying a car and paying for my wedding. My main aim is to buy my own home to live independently.
View original language description ↓
Jorge es un cliente de KubO Financiero y esta es su historia.
Me llamo Jorge tengo 29 años, soy casado desde hace 4 años, mi esposa se llama Maria Luisa y ella es empleada (servicio al cliente), no tenemos hijos, vivimos en casa de mis papas no pagamos renta. Me dedico a fabricar pantalones desde hace 10 años.
Quiero comprar material para hacer un pedido de pantalon para una clienta de Colima a la que le trabajo desde hace 5 años por temporadas. Ella me hace el pedido, lo envio por paqueteria y ella al recibirlo me marca y me empieza a hacer depositos, a partir de ahi me deposita cada 20 dias y termina de pagarme en 2 meses a partir de que le entrego. Yo tardo 3 meses aproximadamente para terminar la produccion y la inversion la realizo yo en su mayoria ella solo me manda para pagar la maquila ya que esto se paga de contado. Quiero un plazo largo para que en lo que yo recibo pagos no me vea presionado, asi no quedare mal y tengo la opcion de liquidar anticipadamente.
Soy buen pagador, me preocupa tener las puertas abiertas para estas situaciones poder tener apoyo.
Me dedico a fabricar pantalones de mezclilla de dama y niña desde hace 10 años de manera independiente, fabrico y vendo en Toluca y Moroleon ademas de mi cliente de Colima. Surto en el centro para lo que utilizo mi camioneta. El taller esta ubicado en el mismo domicilio, tengo 3 empleados. Mi esposa me ayuda tambien en sus tiempos libres.Desde hace 15 años aprendi y me independice hace 10
Mi principal logro es haber construido mi departamento, comprar mi carro y pagar mi boda.
Mi principal reto es comprar mi casa para estar de manera independiente.

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.

Tags

About Mexico

  • $11,249
    Average annual income
  • 25
    View loans »
    Mexico Loans Fundraising
  • $18,350,050
    Funds lent in using Kiva
  • 13.3
    Mexico Pesos (MXN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,900 helped Jorge to buy fabric and make pants.
70% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2014
Listed
Feb 13, 2014
Currency Exchange Loss:
Possible