Martin is a Kubo Financiero client and this is his story.
Hello my name is Martin, I am 47 years old and have been married for the last 25 years, I live with my wife and we don´t have any children. I have been a car mechanic for most of my life, 5 years ago I started selling spare parts to earn more money. My father taught me how to fix cars, and then I became independent. Its a small car shop in which me and my brother are the only workers.
My biggest accomplishment is owning a house and a business, my next goal is to grow my business.
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.