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Irene Esperanza
Irene is a small-scale businesswoman and a customer of Kubo Financiero and this is her story:

Irene is 26 and lives with her common-law husband. She has two children. She has worked in commerce for 10 years, starting by helping her grandmother, who sold sweets, toys and stationery outside a primary school, and then 3 years ago she started up her own food business. Irene has a low-cost kitchen, which she started with her cousin, but he could not handle the pace of the work, which meant she ended up looking after it on her own. She also has some pay toilets inside the market, and she charges for their use.

Irene is asking for this loan to make some improvements to her home and to have a better qualify of life for her family. Thanks to the effort she puts into her work, she has succeeded in enjoying economic stability with her family, without having to worry about giving her children food and providing them with an education.
View original language description ↓
Irene es una microempresaria clienta de Kubo Financiero y esta es su historia:

Irene tiene 26 años, vive en unión libre y tiene dos hijos. Se dedica al comercio desde hace 10 años, inició ayudándole a su abuela que vendía dulces, juguetes y papelería afuera de una primaria y desde hace 3 años inició su propio negocio de comida.

Irene tiene una cocina económica, la cual había iniciado con su primo pero él no soporto el ritmo de trabajo, por lo que se quedó atendiéndola sola. También cuenta con unos baños dentro del mercado al cual cobra la entrada. Solicita este crédito para hacer unas mejoras en su hogar y tener una mejor calidad de vida con su familia.

Gracias al esfuerzo de su trabajo ella ha logrado gozar de estabilidad económica con su familia, sin tener que preocuparse por ofrecerles comida y educación a sus hijos.

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.


About Mexico

  • $15,600
    Average annual income
  • 70
    View loans »
    Mexico Loans Fundraising
  • $20,900,575
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Irene Esperanza to make the necessary improvements to her home.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 31, 2013
Jan 8, 2014
Currency Exchange Loss:
May 19, 2014