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Maria Socorro
Socorro is a client of Kubo Financiero and this is her story:

She is 44 years old and has been married for 26 years. Her husband’s name is Crecensio and they have four children who are already independent. They also have two beautiful grandchildren. For more than 25 years, Socorro has been managing a shop where she sells sweets, soft drinks, potato chips, and other items. It’s more of a variety store where she is able to sell her products.

She is requesting to invest in her business so that she can restock with more products and increase her sales. When asked what her main accomplishments are, Soccoro said, “I have a plot of land on which I’ve gradually built with the help of my husband. We have our own business, so moving forward, we want to finish the construction of our fine house.”
View original language description ↓
Socorro es una clienta de Kubo Financiero y esta es su historia.

Socorro tiene 44 años y tiene 26 años de casada, su esposo se llama Crecensio y tienen 4 hijos que ya son independientes, también tiene 2 hermosos nietos. Ella tiene desde hace más de 25 años, un puesto donde vende dulces, refrescos, papas, etc. es como una miscelánea y ya cuento con permiso para vender mis productos.
Esta solicitando para invertir en su negocio, quiere surtirlo mejor de productos para poder incrementar sus ventas. Entre sus principales logros, Socorro comenta:
"Tengo un terreno y poco a poco lo hemos hido construyendo junto con la ayuda de mi esposo, tenemos un negocio propio y en adelante queremos terminar de construir bien nuestra 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 Mexico

  • $15,600
    Average annual income
  • 16
    View loans »
    Mexico Loans Fundraising
  • $18,745,125
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,525 helped Maria Socorro to buy soft drinks, food, and snacks to sell in her store.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014