Laura is a Kubo Financiero client. This is her story.
My name is Laura I own and work in a beauty salon. I started the salon 21 years ago with my sister in my mother's house, then my sister got married and moved, I kept the business and have been working on my own for the last 13 years. I am a 40 years old, single and live in my parents house, I finished elementary school and then started working.
My slogan is: "beauty comes first". My strength is on cutting hair, hair removal and tint bases. I will use the loan to buy some furniture, improve the image of the beauty salon and get more clients.
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.