Alejandro is a Kubo financiero client and this is his story.
My name is Alejandro, I am 46 years old I live with my wife and two sons. I started food snacks but later change to selling tacos, tortas (similar to sandwiches) and sodas. I like to sell good quality and clean food at low prices. I will use the loan to buy a refrigerator for my restaurant, that way I all be able to buy sodas from distributors instead of other retailers and increase my profits, also I need the refrigerator to keep the meat and the salsas fresh.
My biggest accomplishments is sending my kids to school and paying my debts on time.
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.