Maria is a Kubo.financiero borrower. This is his story:
My name is Maria de Jesus, I am 62 years old, married and have two old sons. I studied until elementary school and then left school to work. We own a house in a neighborhood called Nezahuaycoyotl (a municipality in Mexico which is part of one of the world's largets slums).
I have been working selling stationary for more than 20 years. I own a store, that is called "Papelería y Regalos Escorpio" , my slogan is: "we have everything that you need". I started very small and have been growing the business slowly. The purpose of the loan is to buy stationary and backpacks to increase my sales during the back to school season, which is the best of the year.
My store is located in a large avenue and is surrounded by six schools. The store has approximately 8 square meters of space, I sell different types of products such as: stationary, gifts, candies, and backpacks. I also sell lottery tickets.
My biggest accomplishment has been able to provide financial stability for my kids and make some trips. My biggest goal is to grow my business.
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.