Julia is a Kubo Financiero client and this is her story:
My name is Julia, and I am 34 years old. I finished high school and then started working. I live in a house with my husband and two children. I am a hard-working woman and do a lot of things - I sell gifts, cosmetics, provide massages and also make and sell different types of clothing. I will use this loan to buy a sewing machine, so that I will be able to make more clothing and of better quality to gain extra income.
My biggest accomplishment was buying a piece of land and starting the construction of my 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.