My name is Mayra. I am 23 years old and live with my parents in Iztapalapa, Mexico. I started my gift shop when I was 17 years old with a Mx$5000 investment outside my parents home. Through hard work, I have been able to grow my business and now I sell both retail and wholesale.
I will use the loan to buy more merchandise and increase my sales. I try to provide my clients with good quality products at reasonable prices.
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.