Gabriela is a Kubo Financiero client, and this is her story.
"I am 36 years old and single. I left school after completing high school and then started working. I have been selling girls' clothes for the last 8 years and I also teach Sumba. My parents thought me to be a responsible and hard working person. The name of my project is 'larger business,' and my slogan is 'more product variety = larger sales.' I will use this loan to buy inventory, and also I want to start selling vitamin and food supplements.
My biggest accomplishment is being able to build a business; now I want to make it grow and build an apartment in my parents' house."
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.