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Elizabeth

Update on Elizabeth

Elizabeth paid off her first loan on time and now she is asking for a new loan because she wants to earn additional income by selling french fries and other snacks. She will continue working sewing clothing and ironing which she charges by the piece. Elizabeth hopes to receive additional income by selling snacks in her neighborhood.
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Elizabeth payed her first loan on time and now she is asking for a new loan because she wants to earn additional income by selling fried fries and other snacks. She will keep working doing clothes sewing and ironing an she charges by piece, Elizabeth hopes to receive additional income by selling snacks in her neighborhood.

Previous Loan Details

Elizabeth is a micro entrepreneurial client of Kubo Financiero and this is her story: Elizabeth is 33 years old and has been married for 17 years. She has two daughters who are 15 and 10 years old, both of whom are in school. Her husband's name is Ricardo and he is a taxi driver. She is curr... More from Elizabeth's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mexico

  • $15,600
    Average annual income
  • 18
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $400 helped Elizabeth to buy supplies to sells snacks such as french fries.
98% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015
This photo was used before for a previous loan for Elizabeth. It was first posted on Kiva on Feb, 2014. Learn More