Jennifer is a Kubo Financiero client, this is her story.
"My name is Jennifer, and I am 30 years old. I completed my studies at the Universidad Nacional Autonoma de México (UNAM) and became a dentist in 2012. After finishing school, I opened a dental clinic in my neighborhood. I will use this loan to buy x ray equipment. The equipment costs about $2,050 US, but I will complement the loan with some savings that I have. With the new equipment, I will be able to generate additional income because I currently have to send my clients to other places to make their radiographies.
I would like to share with you that I am married to Jesus, who works as a baker. We have a daughter called Maria Fernanda that is one year and 9 months old. We live in a rented house.
My biggest accomplishment is that I finished both dentistry and nursery school. I consider myself a great dentist - I started my clinic and have recurring clients. My next goal is to own a house and continue my education."
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.